Herald columnist Brian GaynorÂ was forced to apologise to Mark Hotchin for defaming him.Â The Herald buried their apology to Hotchin on page B12 and never put it online.
The integrity of our capital markets is very dependent on public issuers putting the interests of investors first and having regulators willing and able to take action when there are allegation that this important principle may have been breached.
In my experience being subject to defamation claims can leave you feeling intimidated and unable to write about a controversial subject.
Hopefully our regulators haven’t felt the same level of intimation and restriction when they have been attacked though blogs, social media or other communication forums.
Which is all rather ironic given his current predicament and his admitting to being a proven defamer of others under investigation by the FMA while raging a war against them in the vehicle he used, a New Zealand Herald column.
High-profile fund manager Milford Asset Management has confirmed it is being investigated by the Financial Markets Authority over alleged market manipulation.
“The investigation concerns an individual trader employed by the firm and certain specific trades,” the company said.
“Milford and the trader concerned are co-operating fully with the FMA.”
The company said the investigation does not have implications for client funds and has no impact on day-to-day operations at Milford.
“Milford looks forward to completion of the investigation,” the firm said.
Irony pours itself into the oversized wine glasses of Aucklandâ€™s financial community, as the rumours of market manipulation are confirmed as allegedly involving top firm Milford Asset Management.
Milford Asset Management is owned in part by (Saint) Brian Gaynor, whose weekly columns in the Saturday Herald have been a pillar of prudence and righteousness. Gaynorâ€™s columns have railed forth against many in the NZ business community for the failings that he has perceived or alleged. Â Read more »