27 Mar 2014

Lower ball offers fall

12:30 pm on 27 March 2014

The Financial Market Authority says there's been a drop in the number of complaints about unsolicited, or low ball offers, since new regulations came into force last year.

The FMA says compliance with the new rules has also been good.

But, it said, a significant number of these offers are still being being made and many investors continue to accept them.

That's despite being able to get more for their investments by selling through a broker.