FMA gains interim asset preservation orders over assets of PTT, receivers appointed

Fri, 14 Aug 2015

By Tina Morrison Aug. 14 (BusinessDesk) - The Financial Markets Authority secured interim asset preservation orders from the High Court in Auckland over the assets of PTT Limited, Steven Robertson and associated entities, as part of an ongoing investigation. "The FMA has concerns that client funds may be at risk and the company may be operating in breach of financial market legislation," the regulator said in a statement. "Neither Mr Robertson nor PTT is registered on the Financial Services Provider Register." The High Court also grant...

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