FMA statement on the Warminger decision from Justice Venning

FMA statement on the Warminger decision from Justice Venning, in his judgement in the market manipulation civil proceedings earlier today

“The FMA is pleased with the outcome of the proceedings. Market manipulation threatens our core objective of promoting fair, efficient and transparent financial markets. For investors to participate confidently in our markets we need to target and respond to misconduct. That is what this case was about. In terms of the broader consequences for conduct within our markets, we need to review and fully consider the judgement before making further comment.”

Rob Everett FMA Chief Executive

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