UPDATE: FMA won't pursue Wynyard over disclosure failings

Fri, 30 Nov 2018

(Adds director reaction in 7th-10th paragraphs) By Rebecca Howard Nov. 30 (BusinessDesk) - Failed intelligence software company Wynyard probably breached continuous disclosure obligations but won't be pursued by the Financial Markets Authority. Christchurch-based Wynyard went into voluntary administration in October 2016 after failing to secure emergency funds from shareholder Skipton Building Society to keep it going. Following the company's failure, the FMA and the NZX started investigating whether investors were adequately informed...

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