1 Comment 1 CommentThe action is part of an investigation on both sides of the Tasman into the actions of the company.
Van Eyk has been placed into liquidation after four of its Blueprint funds, invested in an illiquid assets, were frozen.
The FMA had previously told Good Returns it was working with the Australian regulator, ASIC, and looking at the implications for Van Eyk’s NZ-based entities.
Spokesman Andrew Park said: "The FMA is liaising with ASIC and making its own inquiries into the Van Eyk and Blueprint funds. We are particularly concerned about conduct issues in NZ and where these issues impact NZ investors."
The Van Eyk offices are believed to have been searched twice – as recently as this Tuesday.
Responsible entity Macquarie may face class action over its role in Van Eyk’s collapse.
Whether Macquarie engaged in deceptive handling when dealing with the illiquid investment is being assessed. The illiquid investment is believed to relate to a property development linked to people involved in the scheme’s underlying manager, Artefact.
| « AMP: Concern over advice quality | IFA working on pro-bono offering » |
Special Offers
Sign In to add your comment
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved
Whilst I hope that nothing sinister has occurred, much of the public damage has been done