Fendal Finance
Friday, December 3rd 2010, 6:02PM
Case referred by Securities Commission to National Enforcement Unit of Ministry of Economic Development for prosecution
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Defendants |
Mowat Ussher |
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Charges |
It is alleged that the Defendant allocated a security to a member of the public on behalf of Fendal Finance Limited without the subscriber receiving an investment statement before subscribing for the security. |
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Penalties |
The charges were laid under section 59(1) of the Securities Act and carry a maximum penalty of a fine not exceeding $300,000. |
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Date filed |
27 October 2010 in the District Court at Christchurch |
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Current status |
First call on 9 December 2010. |
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