Business

The FMA said it will investigate referrals from the NZX and other complainants about market manipulation and insider trading during the Covid-19-era. Photo / File

New Zealand’s financial markets watchdog has seen an increase of insider trading complaints in the Covid-19 era.

The Financial Markets Authority (FMA) today published its annual corporate plan for the 2021-22 year, which sets out the government agency’s activities that will promote strategic priorities, address regulatory risks and harms, and deliver sector outcomes.

Over the past 12 months, the report noted, the FMA had seen an increase in the number of referrals and complaints relating to insider trading and market manipulation.

The regulator said it would be investigating referrals from NZX and other complainants, and taking enforcement action against market manipulation and insider trading.

In the first case of its kind, the FMA had charged former…

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