Huljich appears in court

Case adjourned... again.

Former Huljich Wealth Management managing director Peter Huljich appeared in the Auckland District Court today facing Securities Act charges.

The case will next be heard in court on August 2 at a status hearing.

Progress on the case is slow - before today it had already been adjourned five times.

The Securities Commission (now the Financial Markets Authority) has accused Mr Huljich of making misleading statements about Huljich Wealth Management's KiwiSaver fund returns.

The charges carry a maximum penalty of up to three months in prison and a $300,000 fine.

Fisher Funds recently bought the Huljich KiwiSaver business.

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