FMA takes investor to court for alleged market manipulation
The FMA has accused Franco Belgiorno-Nettis of manipulating the share price of Steel & Tube between 2020 and 2023.
NBR Staff
Thu, 06 Nov 2025
The Financial Markets Authority has filed civil proceedings against an "experienced retail investor" for alleged market manipulation of shares in NZX-listed Steel & Tube (STU).
The financial regulator alleges Auckland investor Franco Belgiorno-Nettis made orders via two broking accounts he held with
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NBR Staff
Thu, 06 Nov 2025
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FMA takes investor to court for alleged market manipulation
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