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Individual ordered to pay compensation and pecuniary penalty for making false or misleading representations
The High Court ordered Rangi Wyatt Stephen Savage Senior to pay compensation and a pecuniary penalty for breaching the Financial Markets Conduct Act by making false or misleading representations in a regulated public offer, including unsubstantiated claims about business prospects.
Financial Markets Authority
Date Added
16 April 2026 at 03:16:16
Why it matters
The case reinforces the requirement for substantiated and accurate representations in financial product offers, including those with environmental or ESG elements.
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