{"id":122651,"date":"2025-11-07T09:04:15","date_gmt":"2025-11-07T09:04:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/122651\/"},"modified":"2025-11-07T09:04:15","modified_gmt":"2025-11-07T09:04:15","slug":"financial-markets-authority-files-market-manipulation-case-against-franco-belgiorno-nettis","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/122651\/","title":{"rendered":"Financial Markets Authority files market manipulation case against Franco Belgiorno-Nettis"},"content":{"rendered":"<p class=\"UYVxLGUpqoLIsFLR\" style=\"display:none\">The proceeding follows an investigation by the FMA after ASB had earlier reported potential concerns about the orders to NZ RegCo.<\/p>\n<p class=\"UYVxLGUpqoLIsFLR\" style=\"display:none\">\u201cWe take cases of market manipulation seriously to ensure New Zealand\u2019s markets reflect genuine supply and demand, in order to preserve their integrity and reputation,\u201d said FMA head of enforcement Margot Gatland.<\/p>\n<p class=\"UYVxLGUpqoLIsFLR\" style=\"display:none\">\u201cPublic markets are an important aspect of the capital markets ecosystem in terms of both access to capital and opportunities for investment and wealth creation.<\/p>\n<p class=\"UYVxLGUpqoLIsFLR\" style=\"display:none\">\u201cInvestors should be careful to understand their obligations when trading online.\u201d<\/p>\n<p class=\"UYVxLGUpqoLIsFLR\" style=\"display:none\">The FMA is seeking a declaration of contravention, civil pecuniary penalties and costs.<\/p>\n<p class=\"UYVxLGUpqoLIsFLR\" style=\"display:none\">Steel and Tube is not a party to the proceeding.<\/p>\n<p>Listen and subscribe to the <a href=\"https:\/\/www.iheart.com\/podcast\/1049-today-in-business-287718209\/\" rel=\"nofollow noopener\" target=\"_blank\">Today in Business<\/a> podcast \u2013 the top headlines from the NZ Herald business team summarised and delivered by an AI voice as an easily digestible recap.<\/p>\n","protected":false},"excerpt":{"rendered":"The proceeding follows an investigation by the FMA after ASB had earlier reported potential concerns about the orders&hellip;\n","protected":false},"author":2,"featured_media":122652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[9092,1554,41054,1124,85913,138,1121,26501,2842,12938,33352,1644,85912,85915,5933,541,85911,225,220,111,139,69,58416,34748,644,180,1620,85914],"class_list":{"0":"post-122651","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-against","9":"tag-alleged","10":"tag-aucklandbased","11":"tag-authority","12":"tag-belgiornonettis","13":"tag-business","14":"tag-case","15":"tag-civil","16":"tag-experienced","17":"tag-filed","18":"tag-files","19":"tag-financial","20":"tag-franco","21":"tag-holdings","22":"tag-investor","23":"tag-limited","24":"tag-manipulation","25":"tag-market","26":"tag-markets","27":"tag-new-zealand","28":"tag-newzealand","29":"tag-nz","30":"tag-nzxlisted","31":"tag-proceedings","32":"tag-retail","33":"tag-shares","34":"tag-steel","35":"tag-tube"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/122651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=122651"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/122651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/122652"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=122651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=122651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=122651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}