We were still adjusting to the shock of hearing that the money we had invested in Credit Sails was almost certainly gone forever, when a cheque for a few hundred dollars arrives in the post with a note stating that this was the full payout of our $10,000 + investment with Babcock & Brown Infrastructure Group which had gone into receivership. Both investments were part of a 'conservative' portfolio set up for us by a prominent NZ stockbroking organisation.
The Credit Sails thing is being investigated, but we have heard nothing about any investigation of Babcock & Brown. WHere can one turn for help in a situation like this? Any adivce would be appreciated.
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