Halifax investors fight for individual positions

Tue, 18 Feb 2020

Judges overseeing the distribution of funds from collapsed online brokerage Halifax have indicated they want liquidators to do more to consider the position of investors unsatisfied with their current proposals. The Australian-headquartered company was moved into liquidation in March 2019, and there is about a $20 million shortfall, representing about 9 percent of the funds invested. Liquidators estimate almost 12,000 individual investors were affected, with more than 2,000 of those being in New Zealand. The proceeding is a first...

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