MR No. 2018 – 07
16 March 2018
Garry James Patterson has pleaded guilty to two charges brought by the Financial Markets Authority (FMA) at the Christchurch District Court.
The FMA brought charges against Mr Patterson under the Financial Service Providers (Registration and Dispute Resolution Act) 2008 (FSP Act) in relation to various insurance policies between 1 July 2013 and 28 May 2015. To be in the business of providing financial services, individuals must be registered and a member of an approved dispute resolution scheme under the FSP Act and the Financial Advisers Act 2008.
The FMA also brought charges against Mr Patterson in relation to its investigation into his conduct under the Financial Markets Authority Act 2011 (FMA Act).
Mr Patterson entered guilty pleas for two charges:
Sentencing is scheduled for 17 April 2018. We will provide further comment after sentencing.
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