There are laws and rules in place for each stock exchange to make sure that share markets are fair, orderly, and transparent. This means that all investors are on a level playing field, and there’s trust in the integrity of the market.

Market manipulation is when someone misleads (or attempts to mislead) the market by saying something (information-based manipulation) or doing something (transaction-based manipulation) that affects the behaviour of the share market.

You agree that when you buy and sell investments, you’ll let the share market decide and set fair and transparent prices, and won’t manipulate it in any way.

Learn more about market manipulation on the FMA (Financial Markets Authority) website.

Insider trading is when someone buys or sells investments using information that isn't public. This undermines the fairness of the share market, which assumes that everyone trading has access to the same information.

You agree that you won’t commit insider trading. If you think you know something that’s not public, it's illegal to act on it or encourage other people to.

Learn more about insider trading on the FMA website.

We monitor all activity on Sharesies to try to make sure you can't accidentally disrupt the share market. We might reject or cancel some orders, and report any suspicious activity to the relevant regulator.