C+M civil action dropped by FMA
The parked civil action against convicted directors of Capital+Merchant Finance has been dropped.
The parked civil action against convicted directors of Capital+Merchant Finance has been dropped.
A bust company that owes clients $7 million has been put into liquidation, with allegedly "fictitious" profits paid out by the Christchurch firm being targeted for possible clawback.
The Financial Markets Authority has issued a stop order for the first time, prohibiting offering or issuing debt securities.
A firm directed by Luigi Wewege is back on the Financial Service Providers Register while it appeals being kicked off.
New Zealand's financial regulator is refusing to reveal exactly what it spent investigating Milford Asset Management.
All 74 authorised financial advisers and all who applied for a licence in the past year received a regulatory rubber stamp.
5500 Hanover investors are finally going to get back some of their money. What they won't get is their day in court. Hamish Fletcher reports.
NZX says a lack of basic shareholder protections could tarnish the reputation of the country's capital markets.
As investors digest the implications of FMA's Hanover deal, it is still unclear if Guardian Trust will have to pay any of the $18m settlement amount.
The $18m settlement between Hanover Finance's directors and promoters and the Financial Markets Authority should be of some comfort to investors, says John Key
Milford Asset Management has lost five wholesale clients since its $1.5 million settlement with the Financial Markets Authority last month.
Hanover directors take a shot at the Financial Markets Authority as an $18 million settlement is reached with the regulator.
Civil claim against directors and promoters of failed finance company settled just two weeks before court date.
Hamish Fletcher says he FMA, after some law changes, now has the tools that allow it to proactively stamp out misleading conduct in the market.
Financial Markets Authority chief executive Rob Everett says the settlement with Milford Asset Management over market manipulation issues has been an uncomfortable wake-up call.
A firm directed by Luigi Wewege, one of the central protagonists in the Len Brown infidelity scandal, has been kicked off the Financial Service Providers Register.
An investor in the David Ross ponzi scheme - who has been named for the first time - has been ordered to pay back $454,000 of fictitious profits in a clawback test case.
Question marks remain over whether Milford Asset Management will reclaim its $281 million active equities mandate with the New Zealand Superannuation Fund.
The Milford Asset worker who allegedly carried out manipulative trading activities has gone on extended leave, effective today.
The FMA says it's reached the final stages of its investigation into alleged market manipulation at Milford Asset Management.
North South Finance investors will get a better deal in the $10.24 million settlement with its board and the directors of Dominion Finance.
The FMA lifted its enforcement action in May, showing it is "increasingly prepared to flex its regulatory muscles", according to one of the country's biggest law firms.
Dominion Finance and investors will share a $10m payout after receivers and the FMA settled claims.
The Court of Appeal has reserved its decision in the case of an investor in the Ross Asset Ponzi scheme, who wants to keep his name a secret.
An investor who got nearly $1m from David Ross' Ponzi scheme is fighting to keep name secrecy.
Could Chevron New Zealand's offloading of its NZ Refining shares be a sign of things to come?
The Financial Markets Authority is investigating Arena Capital, concerned investor funds may be at risk.
The FMA is moving to stop rogue financial services providers from abusing New Zealand registration.
Share trading platform Unlisted is applying for an exemption from the Financial Markets Authority.