Secs Comm to prosecute Finance Company crimes
Posted by on May 21st, 2008 at 04:46pm
Short Oil — No Free Lunch wrote an interesting post today on
Here’s a quick excerpt
Commerce Minister Lianne Dalziel has announced the Securities Commission will be allowed to use its litigation fund to launch criminal prosecutions against finance companies that have misled investors. Currently the Securities Commission has the power to prosecute, but its litigation fund was only allowed to be used for civil actions and criminal actions were handled by […]
Read the rest of this great post here
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