Aggregated News From Investment Management Regulators

FADC decision published

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The Financial Advisers Disciplinary Committee (FADC) has today published its decision regarding a case brought by the FMA. The case relates to alleged breaches of the Code of Professional Conduct for Authorised Financial Advisers. The FADC found the AFA breached standards 12 and 15 of the Code, which respectively pertain to keeping information about personalised services for retail clients, and the requirement to have an adequate knowledge of Code, Act, and laws. The FADC has granted interim name suppression.

The decision can be viewed at the FADC website.

ENDS

This news item was originally published by the Financial Markets Authority (FMA NZ). For more information, please see the Source Link.

Regulator Information

Regulator Name: Financial Markets Authority
Abbreviation: FMA
Jurisdiction: New Zealand

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