News

Regulator aims for 95% repayment for investors in frozen ANZ/ING funds

Wednesday 21st of July 2010

 

The regulator directed the $45 million settlement to go to about 80% of the 15,000 investors to help top up repayments to 95 cents in the dollar. The other 20% who don't get a payment have already, or are likely to, have received more than 95% of their principal already.  

"The payment approach fulfils the commission's stated intention...

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.