David Ross facing Financial Markets Authority charges alleging breaches of legislation

Fri, 28 Jun 2013

By Tina Morrison June 28 (BusinessDesk) – Failed fund manager David Ross of Ross Asset Management faces three charges from the Financial Markets Authority alleging breaches of financial markets legislation, adding to his existing Serious Fraud Office charges. The Wellington-based financial adviser faces one charge under the Financial Service Providers Act of providing a financial service when he was not registered for that service, the FMA said in a statement. The maximum penalty is 12 months’ imprisonment or a $100,000 fine. He is also char...

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