News

Managers told to come clean

Thursday 2nd of May 2002

Fund managers must give people copies of their prospectuses when they ask for them - even if they are competitors.

The Securities Commission says some managers aren't giving out prospectuses when requested and these firms are breaking the law.

Currently the penalty under the Securities Act is a fine of up to $10,000. However, that ma...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.