CORRECT: Prince and Partners admits failings as trustee, reaches $4.5M settlement with FMA

Mon, 28 Aug 2017

(Corrects timing of Viaduct Capital receivership in second paragraph) By Rebecca Howard Aug. 28 (BusinessDesk) - The Financial Markets Authority has reached a $4.5 million settlement with Prince and Partners Trustee Co after the company admitted a series of failings in its role as trustee of lender Viaduct Capital. Prince and Partners was the trustee for finance company Viaduct Capital, which collapsed in July 2010 owing 110 investors some $7.8 million. The civil proceedings against Prince and Partners were brought by the FMA under sec...

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