Thursday 14th April 2005
|Text too small?|
Access Brokerage is the first respondent and the company's former managing director, Peter Marshall, is the second respondent.
The Wellington-based brokerage company is in liquidation following its collapse in September, 2004.
The Statement of Case was served on Marshall and the company's liquidator, Ferrier Hodgson, yesterday.
The Statement of Case alleges Access Brokerage breached the NZX Participant Rules relating to:
The Statement of Case alleges Marshall breached the NZX Participant Rules relating to:
Elaine Campbell, Head of Regulatory and Public Policy, said today "The matter will now follow the process set out in the NZX Discipline Rules:
"Once NZX Discipline has considered all relevant and appropriate matters, it will issue its Statement of Findings. Penalties can include censures, fines, orders for restitution, revocations of respondents' designations under the NZX Participant Rules and public statements.
"NZX does not intend to make any further statements on this matter until the disciplinary process has been completed," Ms Campbell said.
No comments yet
NZ dollar falls, NZX suspends trading after 6.2 magnitude Wellington earthquake
Cash trading on New Zealand stock exchange surges in first half, driven by equities
NZX cash trading tops $5 bln as MightyRiverPower listing beefs up market
NZX cash trading value jumps by 58 percent in February from a year earlier
NZX looks to launch spot gas market in June
NZX full-year profit falls 32 percent
NZX boss Bennett rounds out 2012 filings with $1.87M share acquisition
Equity trading jumps in NZX cash market as NZX 50 nears 5-year high
NZX names Amelia Wong as head of cash markets
NZX rings more changes as PR chief Macrae exits