Kok Ding Cheng
Kok Ding Cheng was in the news for being found guilty of market manipulation by the Financial Markets Authority (FMA) in New Zealand. The court determined that Cheng had deliberately placed orders to artificially inflate the price and demand for Rua shares, which he held, without any genuine commercial purpose. His actions, which lacked transparency and integrity, prompted a warning from the FMA about the risks of market manipulation in online share trading, emphasizing the importance of ethical conduct in financial markets.
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New Zealand:
Kok Ding Cheng was found to have manipulated the market by placing orders to increase the price and demand for Rua shares.
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