SFO investigates Australian Securities NZ Ltd

The Serious Fraud Office (SFO) is investigating financial advisory firm Australian Securities (NZ), which trades derivatives and options on the futures market of the Australian Stock Exchange.

The SFO undertook a preliminary investigation in May and the matter is being upgraded to allow the use of more extensive investigative powers. Independent experts will be engaged to help the SFO.

"While the matter is at a relatively early stage and no adverse conclusions have been reached, we believe it is in the public interest for current or future investors to be aware of SFO’s inquiries," said SFO chief executive Adam Feeley.

Australian Securities is based in Auckland.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

GEN - Completion of Purchase of Premium Funding Business
Fletcher Building Announces Executive Appointment
WCO - Director independence determination
AIA - welcomes Ngahuia Leighton as 'Future Director'
Mercury announces Executive team changes
Fonterra launches Retail Bond Offer
October 29th Morning Report
BIF adds Zincovery to its investment portfolio
General Capital Resignation of Director
General Capital subsidiary General Finance update