A building trades lobby group has complained to the Securities Commission about schemes to raise money for construction and property ventures, saying people's confidence in the industry is being threatened.
Peter Degerholm, of the Building Subcontractors Federation, has written to the commission about a scheme from Auckland property financier Strategic Finance, which is seeking to raise $10 million from the public to "strengthen its capital base", according to its chief, former All Black Jock Hobbs.
