FMA fears ‘ugly confluence’ in wholesale property investments

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
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...

More Markets

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025