FMA investigates promoters of property offers
Regulator receiving growing number of complaints about the sector, FMA’s Paul Gregory says.
FMA’s acting director of capital markets Paul Gregory speaks with Maria Slade.
The Financial Markets Authority has begun inquiries into promoters of wholesale property investments after a review found they were targeting ineligible investors.
The market watchdog has issued seven formal warnings to companies offering high risk investments to people who had been misclassified as
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