Dominion Post – Watchdog tardy say RAM investors

JASON KRUPP Last updated 05:00 30/04/2013

Ross Asset Management (RAM) investors have slated the Financial Markets Authority (FMA) for taking six months to directly contact them, saying the watchdog is doing a poor job of standing up for investors.

That was in reaction to the first piece of direct correspondence from the regulator that many of the victims caught in the RAM collapse have received. It was dated May 1 but sent last week, and contains a list of 45 detailed financial questions.

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