FMA issues stock tipper with stop order

Stock tipper issued with stop order. (Image: Getty)

Thu, 09 Nov 2023

New Zealand’s financial watchdog has issued an interim stop order against financial adviser David McEwen and entities associated with him due to a risk of investor harm.The order prevents McEwen from making offers of financial products and from accepting any further or new deposits or investments in respect of those financial products, the Financial Markets Authority (FMA) said.The FMA said the interim stop order was in the public interest due to the real risk of investor harm arising from activities of McEwen and associates that appear t...

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