Broker pleads guilty

Garry James Patterson was charged in relation to insurance policies issued between July 1 2013 and May 28 2015.

He admitted holding out that he was in the business of providing financial services when he was not registered or a member of an approved dispute resolution service, and obstructing the FMA’s investigation by refusing or failing to comply with a notice to attend an interview.

He will be sentenced in April.

The FMA said it would offer more comment after that.