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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
ends
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