New Zealand's FMA revokes Integrity Advisers Insurance license for misconduct, including pressuring clients and issuing misleading invoices.
The Financial Markets Authority (FMA) of New Zealand has revoked the license of Integrity Advisers Insurance due to serious misconduct, including pressuring clients to retain insurance policies and issuing misleading invoices. The firm threatened to report clients to Immigration New Zealand over unpaid fees, though no actual reports were made. Integrity denied wrongdoing, claiming invoicing errors were minor. The FMA has arranged for care of affected clients.
September 04, 2024
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