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Hot Topic Hawke’s Bay
Law
3 mins to read
16

FMA warns Du Val over misleading or deceiving investors

Financial markets watchdog considers investors were given a misleading impression of why Du Val suspended cash distributions into its mortgage fund.

Du Val founder Kenyon Clarke.

NBR Staff Fri, 10 Mar 2023

The Financial Markets Authority has warned Auckland property development group Du Val over misleading or deceptive statements to investors in the Du Val Mortgage Fund, in relation to the reasons it has given for suspending cash distributions.

The FMA today issued the warning against Du Val Capital

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NBR Staff Fri, 10 Mar 2023
Contact the Writer: editor@nbr.co.nz
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Tags
Du Val Group Du Val Capital Partners Du Val Mortgage Fund Limited Partnership FMA
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FMA warns Du Val over misleading or deceiving investors
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