Pyne Gould fined, censured over late annual report

Sun, 18 Jan 2015

By Paul McBeth Jan. 19 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has been fined and censured over the delayed release of its annual report, which was tagged by auditor PwC over the firm's inability to obtain sufficient information about Pyne Gould's investment in Torchlight Group and Torchlight Fund. The Guernsey-based firm settled with the New Zealand Markets Disciplinary Tribunal over the listing rules breach, resulting in a public censure, a $50,000 penalty plus the tribuna...

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