MR No. 2025 – 15
The Financial Market Authority (FMA) – Te Mana Tātai Hokohoko – has welcomed the Court of Appeal’s decision on the Pushpay insider trading appeal.
In August 2023 the defendant was found guilty of an insider trading offence following a four-week trial in the Auckland High Court. They were sentenced to six months community detention and a fine of $100,000. In April 2024 they appealed the conviction and the High Court’s decision to refuse name suppression. The Crown also appealed the sentence, saying it was manifestly inadequate.