David Chaplin 's Opinion

A personal finance columnist for the NZ Herald

Inside Money: Watchdog warns on free hors d'oeuvre offer

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Photo / Thinkstock
Photo / Thinkstock

What's wrong with this headline?

FMA warns potential property investors with no income to seek legal and financial advice

Or read the entire opening paragraph of the ensuing press release for further clues:

"The Financial Markets Authority is warning potential property investors with no income, who are currently being targeted by advertising to attend property seminars, to seek legal and financial advice."

That's right. Our top financial regulator is advising people with no money to visit lawyers and financial advisers.

Specifically, the FMA was targeting a mob called Property Tutors Limited that appears to market to the moneyless.

I don't know why the FMA singled out Property Tutors, its website suggests any seminar-goers will be treated to top class white-boarding skills. And Peak Performance Master Kurek Ashley wears that microphone headpiece with such authority.

If you want to pop along to the latest Property Tutors seminar, "Act NOW" because 481 seats have already been snapped up. Perhaps the FMA warning has sparked some late cancellations.

Although, the regulator could've been a bit more explicit, along the lines of, say:

FMA warns potential property investors with no income to stay away from seminars

Or:

FMA warns potential property investors with no income to 'eat and run' at seminars

"By all means, sample the free hors d'oeuvres and avail yourself of complementary beverages, the regulator warned, but leave immediately on making eye contact with any seminar staff member."

David Chaplin

A personal finance columnist for the NZ Herald

David is a freelance journalist who has covered the financial services business on both sides of the Tasman for over 15 years. David has edited magazines and websites for the financial advice, investment and superannuation industries. Today, he contributes to various publications in Australia as well as his bi-weekly blog for the NZ Herald under the 'Inside Money' banner.

Read more by David Chaplin

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