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Exposing Unacceptable Financial Activities - Latest News [Page 1]
New FMA unlikely to win investor confidence
Monday, 2 May 2011, 12:18 pm | Exposing Unacceptable Financial Activities
In reply to a letter seeking clarification on enforcement of Director’s statutory responsibilities under the Companies Act 1993, Simon Power has failed to repair the justified mistrust of the members of EUFA that compliance enforcement over finance ... More >>
Hotchins sorry to the nation feeble
Friday, 18 February 2011, 11:52 am | Exposing Unacceptable Financial Activities
The Close up show has demonstrated to New Zealand that if you cripple people with your greed and highflying business practices you can get prime time TV and say “sorry” in a bid to be forgiven, in an attempt to gain public support. More >>
Is Bryers An Excaped Convict?
Thursday, 17 February 2011, 1:49 pm | Exposing Unacceptable Financial Activities
The EUFA group are publicly calling on the Minster of Justice and the Authorities to step in and bring Mark Bryers back to NZ to face his responsibilities. It is unbelievable to many New Zealanders that Mr Bryers as a bankrupt, can actually live out of New ... More >>
Bluechip Investors regroup
Wednesday, 19 January 2011, 11:47 am | Exposing Unacceptable Financial Activities
Bluechip investors are still fighting for Justice and some met in Taupo on Sunday to start a fresh campaign, to demand laws are enforced and justice applied. Hundreds of documents that have been changed after investors signed them lie dormant in official ... More >>
Why Have Investors Been Treated As Cattle Class?
Wednesday, 25 August 2010, 12:44 pm | Exposing Unacceptable Financial Activities
25 August 2010 EUFA (Exposing Unacceptable Financial Activities) www.eufa.co.nz There have now been 60 finance companies involved in the finance disaster. All Investors who have suffered losses have rights to protection, no matter how small the finance ... More >>
Minister says hands tied over Hanover - By whom?
Tuesday, 15 December 2009, 4:02 pm | Exposing Unacceptable Financial Activities
On the twilight of the vote for the Hanover Allied deal EUFA members continue to call for Statutory Management of Hanover Finance Ltd, to ensure investors are protected. The Minister of Commerce, Simon Power in a letter to EUFA, received today, made it ... More >>
Hanover/Allied Farmers - CommComm should intervene
Thursday, 19 November 2009, 11:01 am | Exposing Unacceptable Financial Activities
EUFA are calling for the Commerce Commission to become involved in the Hanover / Allied Farmers deal. All decisions from here on in must be made with independence. Investors no longer trust the so called independence of PricewaterHouseCoopers or ... More >>
Accountability needed over Hanover-Immediately
Thursday, 12 November 2009, 10:46 am | Exposing Unacceptable Financial Activities
The cop out and lack of intervention by Government and Authorities by saying the Hanover moratorium that investors voted for now stops intervention is intolerable. The Directors can be held to account as the investors votes do not absolve the company ... More >>
Consumer Financial report not a surprise
Thursday, 5 November 2009, 5:09 pm | Exposing Unacceptable Financial Activities
EUFA welcomes the Consumer report on the finance industry, as it confirms the ongoing message that EUFA have been delivering at every juncture for over two years. The derogatory attitude held against Mum and Dad investors now fly’s in the face of ... More >>
Loans Voided in Aus Court calls for Victim funding
Tuesday, 6 October 2009, 10:07 am | Exposing Unacceptable Financial Activities
In the wake of a NEW SOUTH WALES SUPREME COURT ruling last month, where a Judge ruled to void loans made by lender Tonto Home Loans Australia Pty Ltd, Suzanne Edmonds of EUFA has written to the Minister of Commerce and Justice calling for a legal fund ... More >>
An appeal to President Barack Obama
Wednesday, 23 September 2009, 9:26 am | Exposing Unacceptable Financial Activities
As leaders head to New York to meet as part of the United Nations, New Zealand investors suffer from their own country’s failure to honour its commitment to the UN Charter. The New Zealand State Authorities have shown a lack of duty of care, by failing to ... More >>
The Money Managers evolution?
Wednesday, 16 September 2009, 12:13 pm | Exposing Unacceptable Financial Activities
Money Managers have recently distributed a letter to their clients celebrating their “new” direction. In the interests of their clients, EUFA applauds Money Mangers intention to move beyond the practices of the past – particularly renouncing the ... More >>
RBNZ warned about the finance companies In 2005
Friday, 4 September 2009, 9:52 am | Exposing Unacceptable Financial Activities
Why were the public not warned or informed of the escalating risk of investing in Finance Companies? The public were not protected even though the RBNZ warned the Minister in 2005. The Reserve Bank of New Zealand reported in May and November 2005 ... More >>
Investor Meeting
Wednesday, 2 September 2009, 9:56 am | Exposing Unacceptable Financial Activities
National lobby group, EUFA (Exposing Unacceptable Financial Activities) are holding a meeting for investors in the Hawkes Bay this Friday as a result of the serious mal practice Hawkes Bay Mum and Dad investors have been inflicted with. The meeting ... More >>
IRD v BNZ High Court ruling is positive news
Monday, 20 July 2009, 2:19 pm | Exposing Unacceptable Financial Activities
The IRD v BNZ High Court ruling is positive news but comes with a certain amount of frustration for the EUFA organisation. As EUFA members battle for their rights to an effective remedy to pursue wrong doings by the finance industry, EUFA executive ... More >>
Where is our Governments support as promised?
Thursday, 21 May 2009, 3:24 pm | Exposing Unacceptable Financial Activities
In a letter given to a victim of the finance crisis, written on joint National and House of Representatives letterhead, the following was written; “The government will do what it can. We are committed to pursuing relentlessly the people finance ... More >>
New Zealand Authorities way behind the eight ball
Wednesday, 22 April 2009, 4:25 pm | Exposing Unacceptable Financial Activities
New Zealand Authorities way behind the eight ball. In March this year, American Bernard Madoff pleaded guilty to serious fraud charges after operating a sophisticated Ponzi type scam. Mr Madoff mixed in very high circles and was influential in governing ... More >>
NZ Authorities ignored warnings
Tuesday, 24 March 2009, 5:18 pm | Exposing Unacceptable Financial Activities
The TV3 60 minutes story out of America last night, on the performance of the U.S.A Securities and Exchange Commission (SEC) is chilling to EUFA members. More >>
Call For Royal Commisson Into Finance Co. Collapse
Tuesday, 3 March 2009, 12:25 pm | Exposing Unacceptable Financial Activities
The Mascot Finance demise and the governments’ bailout for Mascot investors, has resulted in a strong and furious reaction from investors of all other troubled finance companies. Investors do not accept that the government and authorities can allow ... More >>
Government obligations over BlueChip victims
Monday, 9 February 2009, 3:10 pm | Exposing Unacceptable Financial Activities
A very distrort Tauranga woman Margaret Rasmussen phoned coordinator of EUFA offices this morning following a call from her local MP Simon Bridges. Mr Bridges has been kept fully informed of the shocking circumstances that surround Mrs Harrison’s ... More >>
