This discussion is an opportunity to have your say in how the Group should focus it’s activities. And also identify any resources, skills, or ides that may be useful in achieving a more beneficial outcome to this sorry affair.
So it’s over to you … please add your comments by clicking on the link Leave a Reply below.
NOTE: These comments are private to Group Members only.
Financial Markets Authority (FMA) CEO Sean Hughes says he accepts the ultimate responsibility for the Ross Asset Management (RAM) debacle and the FMA is likely to seek law changes in the wake of it.
More to follow
A disturbing recent NZ example of how professional fees devour
investors savings. Of course the government collects GST on the
professional fees.
Ross Asset collapse has highlighted the risks of controlling individuals’ investments.
The investment watchdog says it is taking a vigilant approach to financial advisers who manage their clients’ money on a discretionary basis since the Ross Asset Management collapse but can’t rule out other cases of poor management.
Investors in Ross Asset Management face a “gruesome legal fight” to recover their funds if investigations by regulators show fund principle David Ross was running a Ponzi scheme, says investor spokesman Bruce Tichbon.
via the Tipline … it seems there are Ross Asset Management companies set up in Mauritius (2011) and Bermuda (1999).
Details below.