Broker censured, fined for ‘negligence’
NZX takes 20 months to rule on trading that moved the market in Auckland Airport shares.
Tim Hunter
Mon, 03 Sep 2018
Broking firm FNZC has copped a penalty of $63,000 and a censure from the NZX after its execution of a sale order in the last hour of the trading year was seen behind a $300 million drop in the market value of Auckland Airport.
The sanction was announced to the NZX this morning by NZX, which said
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Tim Hunter
Mon, 03 Sep 2018
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