Pegasus Markets director cops community detention for FSPR breaches
FMA says the ruling shows there are criminal consequences for ‘directors for hire’.
Pegasus Markets director Michael Reps has been sentenced to two months community detention and 90 hours community work for breaching the Financial Service Providers Register.
The FMA charged Pegasus and Reps after the company claimed it was registered on the FSPR on two websites, despite being
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