SFO investigates Australian Securities NZ Ltd

The Serious Fraud Office (SFO) is investigating financial advisory firm Australian Securities (NZ), which trades derivatives and options on the futures market of the Australian Stock Exchange.

The SFO undertook a preliminary investigation in May and the matter is being upgraded to allow the use of more extensive investigative powers. Independent experts will be engaged to help the SFO.

"While the matter is at a relatively early stage and no adverse conclusions have been reached, we believe it is in the public interest for current or future investors to be aware of SFO’s inquiries," said SFO chief executive Adam Feeley.

Australian Securities is based in Auckland.

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