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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.

Tim Hunter Mon, 10 Jun 2024

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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Contact the Writer: thunter@nbr.co.nz
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FMA seeks $1.4m penalty for CBL’s Harris
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