News

Rates round up: April 23

Monday 23rd of April 2012

Former Hanover Finance boss Mark Hotchin has failed in a Court of Appeal challenge to a freezing order over his New Zealand assets.

The Financial Markets Authority (then the Securities Commission) obtained the order in December 2010 to ensure funds would available to pay investors in the event of a civil case being taken against Hotchin.

Earlier this year the FMA initiated its own...

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