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FMA tipped to crack down on more managers

Wednesday 24th of June 2015

Ross Pennington, a partner at Chapman Tripp, said the high level of enforcement activity seen by the regulator over the past month was likely to become the new normal.

As well as the $1.5 million settlement with Milford, two directors of Apple Fields were fined, 23 firms forex firms removed from the FSPR, asset preservation orders were obtained over Arena Capital and a $500,000 compensat...

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