The Marketing Group rapped by NASDAQ as the past comes back to haunt agency network

Listed marketing network, The Marketing Group, has been rapped by NASDAQ for withholding inside information as dubious legacy issues surrounding previous management continue to plague the company.

A disciplinary hearing of First North Stock Exchange, a secondary NASDAQ market in Stockholm, found TMG, which owns two Australian agencies, breached its ‘Rule Book’ by not disclosing inside information that could have impacted the share price.

TMG’s former chairman, Jeremy Harbour, who stepped down from the board in January but remained a major shareholder, was also found to have breached rules by posting “inappropriate and misleading” tweets that helped inflate the share value.