FMA almost done in settlement with Strategic Finance directors, receiver chasing BDO

Fri, 06 Dec 2013

By Paul McBeth Dec. 6 (BusinessDesk) - The Financial Markets Authority has effectively completed a confidential settlement with the former directors of failed lender Strategic Finance, while the firm’s receiver has filed proceedings against auditor BDO Spicers. Strategic Finance receivers John Fisk and Colin McCloy of PwC have filed and served proceedings against BDO Spicers over its audit of the firm’s 2007 financial statements, keeping the FMA in the loop, and are still waiting on certain matters to be completed over its settlement with t...

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