Clients’ money missing
By
GRANT BRADLEY
A Christchurch stockbroking firm has tightened internal security after a money market agent made off with more than $50,000 of clients’ funds which he had invested. The agent was working for Egden Wignall and Company from a small office in Shades. Arcade
when the money went missing, shortly before Christmas. A partner in the firm, Mr John Wignall, said that steps had been’ taken to prevent a repeat of the alleged theft. “We are confident this won’t happen again,” he said. Egden Wignall had repaid the funds Invested
and no private investor had lost money. An internal audit had revealed the loss and the agent had been dismissed before Christmas, said Mr Wignall.
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Press, 21 February 1987, Page 1
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119Clients’ money missing Press, 21 February 1987, Page 1
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