Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Exposing Unacceptable Financial Advice

Exposing Unacceptable Financial Advice
 
EUFA has gained great momentum with the media coverage since it was launched in September.

On Thursday 25 October 2007 after the planned Bridgecorp meeting, EUFA will have its inaugural meeting as a new Incorporated Society.

Very skilled people are willing to put their time into working voluntarily towards the organisations goals and aspirations.   It may well be that the goals are extended as we learn more of the size of the problems associated to the financial collapse.  
 
A meeting is being planned for mid Nov with the Minsiter of Economic Developement after an invitation from her when she learnt of the goals of the organisation.
 
Also Financial Advisors who have blatantly misled investors can be concerned as lawyers throughout New Zealand begin group type actions.   EUFA hopes to be able to work along side the Law firms taking these cases on.

Financial Advisors who have acted within the industry practices probably have little to worry about although they are all suffering from the advisors who have acted unprofessionally.

Many Bridgecorp investors are calling for action against the company as well as their advisors. It also appears that people who invested directly are suffering with a similar amount of grief as those who went to their Financial Advisors.

It is obviously the situation is a two-gilded sword

 

Ends

 

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Flying Year-round To Popular Queensland Destinations

Air New Zealand is moving to year-round direct flights on its Auckland-Cairns, Auckland-Sunshine Coast and Christchurch-Gold Coast routes under an agreement with the Queensland Government... More>>




SEA: Another First For Solar Energy In New Zealand

The Sustainable Energy Association NZ (SEANZ) congratulates Sunergise on the commissioning of the Sunergise Kapuni Solar Power Plant, the largest in the country... More>>

Accenture: More Boomers Than Zoomers Want To Work From Home

While often associated with tech savvy Gen Z or Zoomers, new global research from Accenture shows that the push for more flexible working environments is being led by Gen Xers and Baby Boomers... More>>

Banking: Westpac New Zealand To Remain Part Of Westpac Group

Westpac New Zealand Limited (WNZL) remains part of Westpac Group following a decision for the two businesses not to demerge. Westpac Group Chief Executive Officer, Peter King, said: “After a detailed review, we believe a demerger of the WNZL business would not be in the best interests of shareholders... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>

ALSO:


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>