FMA warns Du Val over misleading or deceiving investors
Financial markets watchdog considers investors were given a misleading impression of why Du Val suspended cash distributions into its mortgage fund.
Du Val founder Kenyon Clarke.
The Financial Markets Authority has warned Auckland property development group Du Val over misleading or deceptive statements to investors in the Du Val Mortgage Fund, in relation to the reasons it has given for suspending cash distributions.
The FMA today issued the warning against Du Val Capital
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