Mark Stephen Talbot admits to insider trading conduct
The Financial Markets Authority says Mark Stephen Talbot has admitted to insider trading conduct and entered a guilty plea on a representative charge for a breach of disclosure obligations at Auckland High Court in March.
It says Mr Talbot, a former virtual chief financial officer of VMob (now Plexure) will pay $150,000 in lieu of a penalty, and is barred from acting as a director or manager of a listed business for five years.
The FMA says Mr Talbot has entered a guilty plea to one representative charge of failing to disclose a relevant interest, admitted a breach of the Securities Markets Act 1988 (SMA) and given an enforceable undertaking which has been accepted by the FMA in accordance with sections 46 and 46A of the Financial Markets Authority Act 2011 (FMA Act).
The FMA says Vmob/Plexure was not part of the FMA’s investigation and has not been charged with any offence. The company cooperated fully with the FMA during its investigation into Mr Talbot.
Last updated on the 16th September 2019