Broker censured, fined for ‘negligence’
NZX takes 20 months to rule on trading that moved the market in Auckland Airport shares.
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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
Mon, 03 Sep 2018
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Broker censured, fined for ‘negligence’
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