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NZX welcomes the decision of the High Court in relation to the market manipulation proceedings between the Financial Markets Authority (FMA) and Brian Henry. These proceedings were brought by FMA following a referral by NZX relating to the offending trades.
NZX has a front line role in surveillance of the markets, and NZX works closely with FMA in this area. NZX is committed to running fair, orderly and transparent markets. The successful outcome in this case reflects the importance NZX places on upholding the integrity of the markets it operates.
