Experienced investor penalised $198,000 for market manipulation
FMA brought charges relating to trading in NZX-listed Rua Bioscience back in 2020.
An "experienced investor" has been ordered to pay the Crown a pecuniary penalty of $198,000 after being found liable for market manipulation.
In 2022, the Financial Markets Authority alleged Kok Ding Cheng engaged in five suspicious trades of Rua’s shares over a 10-day period in late 2020.
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