FMA in talks to cut deal with Strategic Finance directors, receiver still seeks settlement

Tue, 28 May 2013

By Paul McBeth May 28 (BusinessDesk) - The Financial Markets Authority is in talks with the board of failed lender Strategic Finance in a bid to cut a deal, while the receiver for the financier has extended its own settlement discussions. The market watchdog, which in February said Strategic probably breached securities law, is in “confidential settlement discussions with the directors with respect to the FMA’s claim,” a spokesman told BusinessDesk. The FMA gave the board the opportunity to respond as it prepared to file civil proceedings...

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