News

FMA: Mount was pre-regulation

Monday 22nd of December 2014

Tony Mount was last week sentenced to six years and nine months’ prison, after being found guilty of 74 fraud counts.

He ran Independent Financial Consultants in Nelson.

Over a decade, he stole more than $500,000 from clients.

The FMA said the offending occurred before the advent of large-scale regulation of the financial advice industry. “Mr Mount’s offending occurred befo...

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