FMA seeks $1.4m penalty for CBL’s Harris
High Court hears presentations on agreed penalty after insurer’s managing director admits misleading conduct and disclosure failures.
CBL managing director Peter Harris.
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Misleading conduct and breach of continuous disclosure obligations admitted by CBL managing director Peter Harris should warrant a penalty of $1.4 million, counsel for the Financial Markets Authority told the High Court this morning.
The penalty would be slightly higher than the $1.1m imposed last
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