A group fighting on behalf of investors burned in finance company collapses is welcoming news of a second investigation into the Bridgecorp collapse.
It is understood the Ministry of Economic Development is now interested in what went wrong.
Bridgecorp went under almost a year ago, and it is now understood that more than $450 million belonging to over 14,500 investors went with it.
Spokeswoman for Exposing Unacceptable Financial Advice, Suzanne Edmonds, says it has been a long wait, but comes as great news to people left out-of-pocket.
Edmonds says they are after accountability for those responsible, and she says if anyone is found to be at fault, they need to be brought to justice.
It is expected the inquiry will focus on whether Bridgecorp's prospectus painted a rosier picture of the company's financial position than was actually the case.
Bridgecorp is also being investigated by the Serious Fraud Office.
