Politics

FMA opens criminal investigation into financial adviser


Market regulator issues permanent stop order against Wisdom House and Yuen Pok Loo.

The FMA advises the public not to engage with Wisdom House and Yuen Pok Loo.

The Financial Markets Authority has issued a permanent stop order against a financial adviser who stole $36,000 from his former employer and falsely held himself out as an authorised financial adviser.

It has also opened a criminal investigation in relation to the matter.

Earlier this month, the FMA

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Contact the Writer: Hmcnicol@nbr.co.nz

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