Confusion Likely Despite Adviser Revolution – Stuff.co.nz

By Terry Hall OPINION: Many investors are in for a shock next time they phone their broker or adviser for advice: chances are they’ll be told they can’t be helped, or that the person they’ve dealt with for years has retired or left the business. This won’t help people who receive cheeky offers for their [...]

Guilty verdicts give directors the message – Brian Gaynor

16th July 2011 The guilty verdict for three Nathans Finance directors – Roger Moses, Mervyn Doolan and Donald Young – is a huge wake-up call for directors of public issuers. That is because Justice Paul Heath has determined that “directors have a non-delegable duty to form their own opinions” on matters relating to investment statements, [...]

Blue Chip’s Bryers faces more complaints -NZPA

Comment: This just goes to prove that leopards do not change their spots! Mark Bryers, the undischarged bankrupt at the centre of the failed Blue Chip property scheme, is involved in a new scheme in Australia that has produced complaints to the government agency which prosecuted him last year. Bryers was the “financial adviser” to [...]

Allan Hubbard, what is really going on?

This post is Brian Gaynor’s response to this dilemma… It is difficult to write about Allan Hubbard and the Government’s decision to place him, his wife, Aorangi Securities and seven charitable trusts into statutory management. This is because Hubbard is a very likeable person as well as being one of the country’s most highly regarded [...]