NZ’s first case on market manipulation

Financial Markets Authority v Warminger [2017] NZHC 327 was NZ’s first court decision on market manipulation.  The Financial Markets Authority (FMA) had brought charges alleging breaches of section 11B of the Securities Markets Act 1988, now effectively replicated in section 265 of the Financial Markets Conduct Act 2013. The High Court found that Mark Warminger [...]