Serious advice: FMA cancellation signals cultural change ahead

James Greig, FMA director supervision. (Image: supplied)

Wed, 15 Dec 2021

Despite a long association with the Australasian financial services industry, I’ve only known a couple of people charged with serious criminal offences.Both of them ended in suicide – alleged in the case of Sydney fake financial adviser Melissa Caddick, who vanished a year ago after defrauding friends and family of over A$20 million (NZ$21.07m). The only clue to her death was a foot washed ashore in a sneaker.As discussed in a previous column, I may, or may not, have been responsible for splashing Caddick on the front page of an Aus...

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