Market regulator pings wholesale property offers
The FMA formally warns seven promoters, including Du Val and Black Robin, over use of ineligible investor certificates.
FMA's acting director of capital markets Paul Gregory.
The Financial Markets Authority (FMA) has warned offerors of wholesale property investments after a review of the sector found worrying misuse of the certificates allowing them to promote to 'wholesale' investors.
Those receiving formal warnings include the Du Val group, the Black Robin group,
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