The Financial Advisers Discplinary Committee was established as part of the Financial Advisers Act which came into force more than two years ago. The Financial Markets Authority can refer cases to the committee for hearing.
Case number four is the alleged ponzi scheme operator David Ross. Other advisers to be charged are Stephen Musaphia. While Musaphia has a relationship with Preferred NZ, the charges relate to his investment company Financial Frontiers Ltd which was at the time of the incident contracted to Goldridge NZ Ltd.
The other two are Rodney Bourke-Shaw from Oxford Investment Services and Graham Beecroft from G Beecroft & Associates Limited.
Details of their charges are not known at this stage, however the hearings are open to the public. The first hearings will be on August 5.
Case Number FADC 001
Case Name FMA v Stephen Musaphia [2013]
Date of Hearing 5 August 2013
Committee Hon Sir Bruce Robertson, David Macdonald, Tracey Berry
Case Number FADC 004
Case Name FMA v David Ross [2013]
Date of Hearing 5 August 2013
Committee Hon Sir Bruce Robertson, David Macdonald, Tracey Berry
Case Number FADC 002
Case Name FMA v Rodney Bourke-Shaw [2013]
Date of Hearing 16 August 2013
Committee Hon Sir Bruce Robertson, Geoff Clews, Peter Houghton
Case Number FADC 003
Case Name FMA v Graham Beecroft [2013]
Date of Hearing 16 August 2013
Committee Hon Sir Bruce Robertson, Geoff Clews, Peter Houghton
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