FMA got fewer complaints in 2014, had 30 open cases

Thu, 25 Sep 2014

By Paul McBeth Sept. 25 (BusinessDesk) - The Financial Markets Authority received fewer complaints in its 2014 financial year after the David Ross Ponzi investigation sparked a flood on inquiries in 2013, and had just 30 open cases at the end of the period. The financial markets watchdog received 839 complaints in the 12 months ended June 30, down from 1,273 a year earlier when investors in the Ross Asset Management scheme became aware of its impending collapse, according to the FMA's annual investigations and enforcement report. Of those...

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