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St Laurence directors get warning rather than court summon

Thursday 29th of May 2014
Eight directors of failed finance company St Laurence have got away with a warning from the FMA, rather than having a date in court.
FMA considers that St Laurence’s September 2007 prospectus failed to properly disclose information about loan quality and liquidity for the period March to June 2008.
It has decided to issue a warning to the directors, rather than bringing court proc...
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