Investors should heed FMA’s action on Booster
ANALYSIS: It’s been a long time coming, but the regulator’s lawsuit against fund manager Booster is a wake-up call for all concerned.
The Financial Markets Authority alleges 75 breaches of the Financial Markets Conduct Act by Booster and its senior officers.
If Financial Markets Authority staff went on strike their picket line chant would be an immediate handicap.
“What do we want? Fair pay. When do we want it? Eventually, after giving management the benefit of the doubt for a reasonable period, once all other possibilities have been exhausted.”
Such
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