FMA closes four more finance company probes, warns Allied Nationwide

Sun, 08 Sep 2013

Sept. 9 (BusinessDesk) - The Financial Markets Authority has warned the failed Allied Nationwide Finance for probably breaching securities law, but won’t pursue tougher action as it wraps up another four investigations into the collapsed finance sector. The market watchdog won’t take enforcement proceedings against Allied Nationwide, Equitable Mortgages, LDC Finance or Irongate Property, and expects to make announcements on its remaining five cases before the end of the year, it said in a statement. The FMA said Allied Nationwide was proba...

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