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:

NZ dollar drifts lower ahead of central bank talk-fest
PFI cautious about new acquisitions as revaluations boost 1H profit
NZ Steel earnings fall on weaker prices, higher costs
Spat between ihug founder and ex-wife hits High Court
Comcom loses bid to derail Harmoney appeal
NZ gaming industry outlines plan for home-grown 'Angry Birds'
Dairy manufacturers got better prices in June quarter
Service sector activity picks up in July
19th August 2019 Morning Report
Company results, data, Fed to provide clues on recession risk

IRG See IRG research reports