Sharechat Logo

Stocks, files and audio tape

By Shoeshine

Friday 9th May 2003

Text too small?
The Securities Commission's investigation into l'affaire Malcolm Davidson lumbers on.

Its inquiries are focused on who else, other than whistleblower Brooke Asset Management, had access to the Sky City management information the former UBS Warburg analyst obtained last December.

The commission has reportedly commandeered copies of audio tapes relating to Sky City trading from all brokers and from selected institutions.

It is particularly interested in trading by two fund managers whose identities Shoeshine can't share for obvious legal reasons.

The matter is causing some angst among analysts who wonder whether they're going to be hauled in front of the commission and given the third degree every time they make a good, or lucky, stock call.

The instos reportedly aren't too happy either. Trading is no longer the gentlemanly affair it once was.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Transpower sees no risk to credit metrics from incentive change
NZ dollar rises, an outlier amid rising Gulf tensions
Craigmore spends $32M to expand Kerikeri kiwifruit crop by 'more than a third'
CentrePort eyes further hub expansion
South Port beats guidance, earnings in line with 2018 record
Plexure sees revenue growth from White Castle deal
22nd July 2019 Morning Report
NZ dollar treading water as markets focus on Iran
MARKET CLOSE: NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs
NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut

IRG See IRG research reports