Two OPI directors plead guilty to Securities Act charges ahead of trial

Fri, 21 Aug 2015

By Fiona Rotherham Aug. 21 (BusinessDesk) - Two former directors of property finance company OPI Pacific Finance have pleaded guilty to two Securities Act charges laid by the Financial Markets Authority, ahead of a trial set down for October. Mark Lacy and Jason Maywald faced charges relating to a registered prospectus and an advertisement distributed in 2007, which the FMA said contained untrue statements following an investigation in 2013. FMA director of enforcement and investigations Belinda Moffat said that in pleading guilty, the...

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