High Court grants FMA application to appoint receivers to Christchurch FX trader

Thu, 28 May 2015

By Fiona Rotherham May 28 (BusinessDesk) - The High Court in Christchurch has granted an application from the Financial Markets Authority to appoint receivers to Christchurch company Arena Capital, trading as foreign exchange services provider BlackfortFX. The decision granted yesterday afternoon, follows the FMA obtaining an asset preservation order over the company due to concerns investor funds may be at risk. Grant Graham and Neale Jackson of Korda Mentha have been appointed as receivers and managers of the company and will identif...

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