Milford: Warminger's decision to fight FMA a personal one
The Financial Markets Authority’s civil case against Mark Warminger is due to start next Monday and is set down for four weeks.
The FMA has already reached a $1.5m settlement with Warminger’s employer, Milford.
In a note to clients, the fund manager warned there was likely to be “some media coverage” of the trial but that it was focused on continuing to deliver returns to investors.
“In order for the business and our clients to move forward, we determined the best course of action was to enter into a full and final settlement agreement with the FMA. No further action against Milford will occur.
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