Celebrating 25 Years of Scoop
Matthew Hill Admits Breaching Financial Markets Legislation
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – confirmed today Matthew Geoffrey Hill, the former Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited, has admitted making false and misleading representations in breach of the Financial Markets Conduct Act 2013 (FMCA).
The case relates to anonymous posts the FMA alleged Mr Hill had made about the company on the Sharetrader website’s online investor forum. The FMA filed civil proceedings against Mr Hill in August 2021.
Mr Hill has admitted breaching section 22(d) of the FMCA. The parties have asked the Court to convene an agreed penalty hearing at the High Court in Auckland in 2024.
The FMA will no longer pursue aspects of the original proceeding relating to market manipulation.
New Talisman Gold was not party to the proceedings.
No further comment will be made until after the penalty hearing.
Auckland UniServices Ltd: NZ-Japan Data Share Will Enhance Vaccine Research
University of Auckland: Researchers Unite To Advance Space Technology
Rocket Lab: Sets Launch Date For 51st Electron Mission
Xero: Kiwi Small Businesses Record Largest Decline In Sales Since May 2020
Westpac NZ: Cuts Home Loan And Term Deposit Rates
TTM ISG: Temporary Traffic Management Can’t Be The Scapegoat For Ineffective Systems And Planning
