Convicted insider trader Peter Huljich banned from being company director
Huljich is banned from being a director for seven years from his conviction on 3 November 2023
Former insider trader Peter Huljich has been barred from serving as a company director for seven years, following his conviction for insider trading. The Financial Markets Authority (FMA) obtained a banning order against Huljich, which took effect after New Zealand's Supreme Court rejected his appeal. Huljich, who is the son of Christopher Huljich and part of the Auckland richlist, was convicted on charges related to the sale of Pushpay Holdings shares.
The FMA's head of enforcement, Margot Gatland, emphasized the importance of equal footing for all market participants and noted that Huljich's actions involved influencing others to trade based on non-public information. Huljich's partner, Sarah Huljich, who served as Pushpay's head of investor relations at the time, admitted to her role in facilitating trading while holding material information. She paid a $50,000 fine and had civil proceedings against her discontinued.
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