
Ross investors might have to return money
Liquidators could reclaim 'inflated' payouts from collapsed fund manager to redistribute.
Liquidators could reclaim 'inflated' payouts from collapsed fund manager to redistribute.
The Ross Asset Management wreck has highlighted some important differences between fully-regulated funds management products and other nebulous services...
The SFO is investigating fund manager David Ross and his firm after receivers found records for $10.2 million of the $449.6 million he purportedly managed.
Receivers of the embattled Ross Asset Management say the Wellington fund manager appears to have "characteristics of a Ponzi scheme".
Bridgecorp was insolvent from at least February 2006 - a year and a half before it collapsed, its receiver alleges in civil action against three former directors.
Moa beer has used paid advertising in its prospectus - and the inclusion of certain ads and photos is raising some eyebrows.
Two independent observers will keep tabs on Perpetual Trust's cash management and mortgage funds ahead of a substantial hearing early next month.
The Financial Markets Authority is seeking submissions on the growing use of irregular earnings measures in preference to statutory profit.
Investment watchdog the Financial Markets Authority has given the Government an exemption from rules around share floats, allowing it to give more detail on its plan.
The Financial Markets Authority is appealing the non-custodial sentences handed out to the directors of failed lender Lombard Finance & Investments.
The Financial Markets Authority is about to celebrate its first birthday and boss Sean Hughes says it's been no picnic.