FMA seeks legal clarification on expert investor rules

(Image: NZME)

Mon, 23 Dec 2024

The Financial Markets Authority has asked the High Court to clarify the use of eligible investor certificates in the wholesale investment sector. The High Court proceeding follows investigations into the use of such certificates by various wholesale property developers, although the regulator said it didn’t relate to any particular party.The Financial Markets Authority (FMA) has in the past warned several wholesale property firms about their practices, including Du Val Capital Partner and Du Val BTR GP Limited, E+O Property Syndicati...

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