Rogue trader jailed

SYDNEY-based day-trader Nigel Derek Heath has been sentenced to two years and three months' prison for manipulating the share price of a number of speculative stocks listed on the Australian Securities Exchange, including junior oilers Petsec Energy and Orca Energy.

02 October 2015
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Last October Heath, of Wahroonga, pled guilty to two charges of market manipulation, following an investigation by the Australian Securities and Investments Commission into his trading activities

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