Latest fromFinancial Markets Authority
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Rob Everett: Regulation helps financial sector grow
The funds management industry represents an increasingly important part of the NZ economy, writes Rob Everett.
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KiwiSaver managers will need license to invest
A new licensing regime is designed to give money saved in pool investment schemes, like KiwiSaver, greater protection.
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'Ponzi scheme' clients get paid out more than they put in
Liquidators are trying to claw back some of this money and have served formal legal notices on 12 Arena Capital investors.
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KiwiSaver: Should you move it to bank?
For many people having their KiwiSaver account with the same business that has their mortgage, savings and credit cards seems like an easy solution.
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The NZ firm running a Ponzi scheme
Christchurch-based foreign exchange firm owes clients $7 million.
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Fraudster analyst denied bail
Benjamin Anthony Kiro was convicted after pleading guilty to 23 charges at Auckland District Court this week.
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Fraudster analyst 'pulled the wool'
Benjamin Anthony Kiro was a "big personality" who "pulled the wool" over people's eyes, says one man who gave him thousands of dollars to invest.
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Ex-FMA analyst's $350,000 swindle
He used Tinder to find victims and falsified his CV to get a job at Financial Markets Authority.
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Gold trading firm put into liquidation
Prosper Through Trading has been put into liquidation.
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Court upholds decision against Pakistani-owned firm
The High Court in Auckland has upheld the deregistration of Pakistani-owned foreign exchange firm Excelsior Markets.
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New forgery charges for ex-FMA man Kiro
An ex-FMA analyst is facing a further nine charges, including for allegedly providing a forged job contract with Fonterra to rent an apartment.
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KiwiSaver advice criticised in new FMA report
The FMA has released a highly critical report on sales and advice practices for the financial services industry, including those selling KiwiSaver.
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Property developers stung by old loan
Two retired property developers are liable to the receivers of a failed finance company for $308,572 because of guarantees they gave on an eight-year-old loan.
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Register undermines NZ's reputation
New Zealand's reputation as a responsible member of the world's financial community is undermined by holes in the financial services provider register.
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Inside story: Trading firm is investigated
PTT Group in the hands of court-appointed receivers.
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Peer lender to aim for SME market
The Financial Markets Authority has licensed New Zealand's fourth peer-to-peer lender, Lending Crowd, which plans to offer small-to-medium sized enterprises business loans of up to $200,000.
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Criminal history shocks client
Mark Brewer has resurfaced in London with a new name but similar modus operandi.
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Trader may have misled clients - receiver
A gold and currency trading firm allegedly part of a "ponzi scheme" told customers profits were "large and instantaneous" in its sales pitch, receivers say.
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Former SPGI director Mark Turnock pleads guilty
Mark Turnock, former company director of SPG Investment Company No 1 (SPGI), has pleaded guilty to a charge of false financial statements.
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Crowdfunding scene fit to burst
How many equity crowdfunding platforms is too many equity crowdfunding platforms?
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New Kiwisaver education plan coming
The FMA is worried KiwiSavers don't know enough about where and how their billions are invested.
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Pain was necessary to get it right: FMA
A once-in-a-generation overhaul of capital markets regulation has been sometimes painful and the Financial Markets Authority has copped "pushback" from the industry, says its chief executive, Rob Everett.
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Forex firm appeals FMA deregistration
An Auckland forex trading firm owned by a Pakistani national is challenging its deregistration by the FMA.
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Luxury cars among assets frozen in FMA probe
Luxury cars are among $1.6m of assets frozen as part of a probe into company Prosper Through Trading.
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Money man on forgery charges
A Financial Markets Authority analyst has been charged with forging an academic record to get his job and then stealing nearly $210,000. in a scheme.