Gould Steele and Co gives up NZX participant status to cut compliance duplication

Thu, 01 Aug 2013

Aug 1 (BusinessDesk) - Gould Steele & Co, a Wellington-based boutique financial advisory service, has resigned as an NZX Advising Firm, giving up its formal status to avoid having to comply with stricter compliance rules for advisers. The firm will continue to offer clients financial advice and outsource settlement and trading to NZX participant firms as it has previously done, though will only be regulated by the Financial Markets Authority. Managing principal Kevyn Rendell told BusinessDesk the firm made the decision to reduce the duplic...

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