Prior to the publication by the FMA on Monday of a report, I hadn’t heard the term ‘shadow insider trading’: Insider trading typically involves trading or tipping in the [quoted] securities of a listed issuer directly associated with the non-public, price sensitive information. According to the FMA ‘shadow insider trading’ means: Using material information […]
FMA – shadow insider trading Read More »
I was intrigued to read media reports at the end of July, that the High Court had dismissed an application by the FMA for issue of a new or enlarged (depending on which report I read) search warrants in conjunction with its investigations into Du Val. Having heard quite a bit from my litigation colleagues
Du Val – the FMA search warrant decision Read More »
There has been plenty of media coverage about the mystery of the identity of the businessman found guilty of insider trading over the sale of Pushpay Holdings shares and the basis of the conviction. The purpose of this note is to make a few observations about the treatment of the legal test for ‘material information’.