FMA Received 27 Complaints About RAM

Your investor group was staggered to learn that it took something like 27 complaints from people who could not get their money from David Ross before the Financial Markets Authority (FMA) acted and shut RAM down.
We discovered this amazing piece of information in an old judgement by Judge Jill Mallon dated 6 November 2012. An order freezing the assets of RAM was granted to the FMA on 2 November 2012, that was probably the day most of us found out that RAM was in trouble.

RAMIG will continue to try to find out more about this, especially how early the first complaints were made.

Related posts:

  1. Dominion Post – Court extends asset-freezing orders
  2. High Court Delivers Judgement on Ross Asset Management
  3. Stuff: Serious Fraud Office investigating Ross Asset Management
  4. Summary of Facts SFO
  5. RAM investor ‘received more than invested’