OPI directors sentenced to 200 hrs community work, A$100k fine for dodgy prospectus, ads

Thu, 17 Sep 2015

By Suze Metherell Sept. 18 (BusinessDesk) - Mark Lacy and Jason Maywald, directors of OPI Pacific Finance, have been sentenced to 200 hours of community work and A$100,000 in reparations after pleading guilty to two Securities Act charges laid by the Financial Markets Authority. Last month, Lacy and Maywald pleaded guilty to charges relating to a registered prospectus and an advertisement distributed in 2007, which the FMA said contained untrue statements following an investigation in 2013. The trial of the remaining defendants – former O...

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