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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Law
4 mins to read

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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Tim Hunter Mon, 10 Jun 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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FMA seeks $1.4m penalty for CBL’s Harris
Law,
104422
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