The Financial Markets Authority case against Huljich Wealth Management and its director Peter Huljich is nearing an end, with Huljich expected to plead guilty in the Auckland District Court next week.
Huljich was due in court today to enter a plea, but was excused after an agreement was reached with the FMA to amend one charge and withdraw seven others against him.
He will appear in court next week, where Judge Kiernan said a guilty plea was expected from Huljich.
Following the amendments, Huljich will face one charge under section 59 of the Securities Act, while the company faces two charges - one under section 59 and one under section 58.
The charges relate to claims investors were misled by misrepresentations of the performance of the company's KiwiSaver scheme in offer documents.
If a guilty plea is entered, Huljich is likely to reappear in December for sentencing.
- Hamish Fletcher, The New Zealand Herald
