The Financial Markets Authority has issued its first ever ‘stop order’ against a company linked to a controversial Hamilton housing development.
The market watchdog is warning the public to be wary of doing business with Green Gardens Finance Trust.
FMA director of regulation Liam Mason said the company was offering investments illegally.
“This stop order requires the company to comply with the relevant laws and warns people not to give money to the company,” he said.
“It is an offence to fail to comply with a stop order.”
Full Story by Richard Meadows