UPDATE: FMA rejected 2015 complaint CBL prospectus included 'blatant lie', emails show

Tue, 13 Mar 2018

(Updates to add Waterhouse's use of a pseudonym in 5th paragraph) By Sophie Boot March 13 (BusinessDesk) - The Financial Markets Authority was warned of potential issues at CBL Corp before the insurance services group went public in 2015 but dismissed the complaints from a businessman whose company was caught in a US probe over "fraudulent" insurance sales. The FMA didn't pursue Geoff Waterhouse's 2015 claim that CBL's prospectus contained "a blatant lie", one of many complaints about CBL he levelled to regulators, including the FMA an...

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