‘Assn is not involved’
PA* ; Wellington New Zealand members of the London and New Zealand Futures Association said yesterday that they were not; involved ’in Auckland police; investigations of an overseas broker who has been. advertising locally. / The head ; of Auckland’s fraud squad on Friday, cautioned New’Zealaridefs about investing in the United States through an Australian broker.;-./..*'!' ” ’
• The broker has been advertising in Wellington recently and claiming a mini-. mum 30 per cent yearly return on investments. / /.Association members said that trading of futures con- ; tracts was a high risk venture, and- potential, traders should deal only 'through recognised ; members of an intematwh- ‘ ally reputable association./ i. ; /The, New Zealand members (of the association) must
meet rigid financial requirements and abide by strictly . enforced rules, and regulations. They ..are required to obtain the consent of the relevant New Zealand Government department to operate, and must/provide regular reports of their activities • to this department. i, , . “We strongly, -recommend that any person conterhplating dealing in any futures exchange consult with a ~ member • of . the -associ- ., atiori. before sq doing . ..." /
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Press, 16 June 1982, Page 6
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177‘Assn is not involved’ Press, 16 June 1982, Page 6
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