The FMA launched its probe when it received a number of complaints by Forestland investors about the group
Forest products are New Zealand's third-largest commodity export group behind dairy and meat products.
The forestry industry is booming but futher out its prospects look less rosy.
Regulator says money held in trust while it seeks more information.
Orders are flowing into sawmills at a constant but rapid rate.
Log export volumes lifted 9% over the December quarter year on year.
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