Hanover settlement 'some comfort' for investors in better regulated market, PM Key says

Mon, 06 Jul 2015

By Paul McBeth July 6 (BusinessDesk) - The $18 million settlement reached between Hanover Finance's directors and promoters and the Financial Markets Authority should be of some comfort to investors in what has become a "better regulated" market, Prime Minister John Key said. The FMA settled for just under half its $35 million civil claim, which was due to go to court later this year alleging misleading and untrue statements were made in prospectuses and advertisements distributed by Hanover between December 2007 and July 2008 about the f...

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