Law & Regulation

FMA fears ‘ugly confluence’ in wholesale property investments

Pattrick Smellie
Tue, 26 Oct 2021

FMA fears ‘ugly confluence’ in wholesale property investments
Social media is not FMA CEO Rob Everett's go-to for investment decisions. (Image: Supplied)
Pattrick Smellie
Tue, 26 Oct 2021
The outgoing head of the Financial Markets Authority (FMA) suspects many property investments advertising high yields to wholesale investors haven’t performed as well as they claimed they would.In an exit interview as he prepares to leave the financial market watchdog after seven years in the role, chief executive Rob Everett told BusinessDesk that they're "about to kick off a big piece of work very soon” in the area of wholesale investment offers to target so-called ‘sophisticated’ investors.“Our fear is...

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