Office raid on The Terrace

HAMISH RUTHERFORD
Last updated 15:17 02/11/2012

Relevant offers

The Financial Markets Authority is believed to have raided an office in central Wellington.

In a statement the financial regulator confirmed it ''is making inquiries into the affairs of David Ross of Ross Asset Management and is actively engaging with a number of related parties".

Ross Asset Management is based in Morrison Kent House on The Terrace.

This afternoon the offices of Ross Asset Management were locked, while an answer phone message said the company was unavailable.

A man who works in the Morrison Kent building, and who asked not to be named, said in recent days there had been ''a lot of people waiting around, trying to get in'' to the Ross Asset Management offices, but he was unaware of any raid.

The FMA asked any investor with concerns to contact the regulator through its website or on 0800 434 566.

- Do you know anything about this story? Contact hamish.rutherford@dompost.co.nz

Contact Hamish Rutherford
Business reporter
Email: hamish.rutherford@dompost.co.nz
Twitter: @oneforthedr

Ad Feedback

- The Dominion Post

Special offers
Opinion poll

What do you make of the proposed conference centre/hotel for Wellington?

Great - a big boost for the local economy

Nice - one of many projects needed

Argh - a white elephant in the making

First priority should be airport runway extension

Not sure at all

Vote Result

Related story: Convention centre to get OK

Featured Promotions

Sponsored Content