July 15, 2016 BY Valentina Kirilova
New Zealand’s Financial Markets Authority Discontinues Proceedings Against Archer and HIL
The Financial Markets Authority (FMA) has elected to discontinue the proceeding against equity firm Archer Capital (Pty) Limited (Archer) and Healthcare Industry Limited (HIL). The defendants, Archer and HIL, have accepted that the FMA was justified in investigating the conduct that is the subject of this claim. The FMA has concerns about market practice in…
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