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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
3 mins to read

FMA issues market manipulation warning to trader funding kitchen

Individual used two Sharesies accounts to shift price higher on at least 10 occasions.

The Financial Markets Authority has issued a warning to an individual online trader for suspected market manipulation, after the trader engaged in transactions to help fund a kitchen renovation.

The FMA said today that, following an investigation, it was likely the unnamed individual breached the

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Hamish McNicol Tue, 30 Jul 2024
Contact the Writer: Hmcnicol@nbr.co.nz
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FMA issues market manipulation warning to trader funding kitchen
Law,
105099
true