FMA halts misleading covid-19 ads

Tue, 07 Apr 2020

The Financial Markets Authority has forced the removal of two advertorials posted by a financial adviser suggesting people need health insurance to cover emergency covid-19 hospitalisation. The ads were posted on Chinese language social media platform WeChat. The regulator said the posts were written like news articles and suggested people living in New Zealanders get health insurance, failing to mention that emergency treatment and testing for covid-19 is free. FMA director of regulation Liam Mason said registered financial adv...

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