The boss of a local fund manager has welcomed efforts by the country's financial regulator to crack down on market manipulation.
Last week Milford Asset Management confirmed one of its employees was being investigated by the Financial Markets Authority over "certain specific trades".
And last month the market watchdog warned an "inexperienced" online trader, who wasn't named, over suspected manipulative trading.
In a Business Herald Meet the CEOs video interview, Nikko Asset Management NZ's managing director, Peter Lynn, said he supported the FMA stance on market manipulation.
"Investors just want to know their fund managers are treating their investments appropriately and abiding by all rules and regulations," Lynn said.
Nikko NZ, formerly Tyndall Investment Management, rebranded under its Tokyo-based parent company's name last year and has more than $4 billion in assets under management.