Articles
Legal articles written by
Cooney Lees Morgan
Legal Professionals
Feature article
Drawing a line around the limits of wholesale investor protection
In a recent notable ruling, the High Court of New Zealand struck out negligence claims brought by a minority group of wholesale investors against the Financial Markets Authority (FMA), following the collapse of the Du Val Group. Wholesale investors are investors which meet certain qualifying criteria exempting them from legal protections otherwise mandatory for retail investors under the Financial Markets Conduct Act 2013 (FMCA).
The case, Lindeman Investment Ltd v Financial Markets Authority, centred around whether the FMA owed a duty of care to these investors. This decision provides...
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Bachelor of Laws (University of Victoria), Master of International Law (University of Sydney)
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