Tag: financial_advisor
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Former Financial Advisor Sentenced for Theft
A former financial advisor, Murray McClune, has been sentenced to three years and seven months’ imprisonment for two charges of theft by person in a special relationship. The charges followed an investigation by the Financial Markets Authority (FMA). The Judge…
BusinessLegalEconomyFinancial MarketsBanking Financial Markets AuthorityMurray McCluneFinancial AdvisorTheftSentencingMargot GatlandFinancial ServicesNZ Financial Markets Authority
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Ex-Financial Advisor Admits Theft of $1.7M from Elderly Clients
Former financial advisor Murray McClune has pleaded guilty to two charges of theft, following a Financial Markets Authority (FMA) investigation. McClune, who had worked in the insurance industry since the late 1960s, misappropriated approximately $1.7 million from two sets of…
BusinessLegalFinancial MarketsLaw Enforcement Financial Markets AuthorityMurray McClunetheftfinancial advisorMargot GatlandfraudsecuritiesNZ Financial Markets Authority