Last OPI Pacific director, David Anderson, sentenced to community work, A$100k penalty

Fri, 25 Sep 2015

By Paul McBeth Sept. 25 (BusinessDesk) - David Anderson, a former director of OPI Pacific Finance, has been sentenced to 300 hours community work and ordered to pay A$100,000 in reparations to investors after pleading guilty to misleading investors in the High Court in Auckland. Anderson was the fourth and final director to plead guilty to two charges under the Securities Act for distributing an advertisement and signing off on a prospectus that both contained misleading statements in 2007 brought by the Financial Markets Authority, the m...

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