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30 September 2018

ERoad - Hamish Sansom and Jeffrey Peter Honey

The FMA alleges that an Eroad employee sent text messages to a former Eroad employee that contained confidential material information relating to Eroad’s performance in the period to 30 September 2015. That individual then traded 15,000 Eroad shares.

September 2018

Jury found Hamish Marc Sansom not guilty of selling Eroad shares as a result of a tip from a fellow company employee.

The High Court jury in Auckland accepted Sansom's defense that the tip was a coincidence of timing, and he was already planning to sell the shares to pay a debt to his builder.

18 March 2018

A trial at the High Court for Mr Sansom resulted in a hung jury. He faces one charge of insider trading under section 241 Financial Markets Conduct Act – namely, information insider must not trade.

14 June 2017

Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being an information insider advising and encouraging another person to trade.

The insider trading charges relate to trading in shares of Eroad (NZX: ERD).

11 April 2017

Defendant, Jeffrey Peter Honey pleaded guilty at the Auckland District Court to one charge of insider trading under section 243 Financial Markets Conduct Act - namely, being an information insider advising or encouraging another person to trade.

9 March 2017

Charges filed in court: The FMA filed charges in the Auckland District Court alleging breaches of the insider trading prohibitions contained in the Financial Markets Conduct Act 2013 (FMCA). The charges were filed in relation to trading in shares of Eroad (NZX:ERD). The individuals charged are a current and a former Eroad employee.