Guilty plea following FMA insider trading charges
In March 2017, the Financial Markets Authority (FMA) filed charges over share trading in Eroad Limited. A current and a former Eroad employee were alleged to have breached the Financial Markets Conduct Act 2013 (FMCA) prohibitions on disclosing or trading inside information. The FMA alleged that the former employee had traded 15,000 Eroad shares after [...]