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
Comment:
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:

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite

IRG See IRG research reports