Who do you turn to when good investments go bad?

The FMA protects investors in retail schemes, but with wholesale offers, you're on your own. (Image: Getty)

Wed, 26 Oct 2022

Wholesale investors had nothing to complain about during the last financial year, based on official data.Of course, there is no official complaints data because, as the Financial Markets Authority (FMA) noted in a new explainer, wholesale investment providers “don’t have to provide access to a free independent dispute resolution scheme if things go wrong”. “Retail investment offerors must provide this,” the FMA said.Currently, the only one officially complaining about wholesale investment providers is the FMA...

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