FMA files civil proceedings against directors and promoters of Hanover Group

The Financial Markets Authority filed civil proceedings against directors and promoters of Hanover Finance Ltd, Hanover Capital Ltd, and United Finance Ltd.

FMA is seeking declarations, pecuniary penalty orders and compensation for investors who made investments during the period 7 December 2007 to 22 July 2008. During this period new investments and re-investments totalled $35 million ... READ MORE

Released by the FMA 1 April 2012