Latest fromFinancial Markets Authority
ASB does deal with FMA over sales practices
The way ASB sells its term funds and interest rate swaps will be independently reviewed after the bank reached a settlement with the Financial Markets Authority.
Warminger dropped from prospectus
Milford has dropped portfolio manager Mark Warminger from its investment team and Brian Gaynor is its new NZ equity head.
Milford board took eye off ball
Question marks remain over whether Milford Asset Management will reclaim its $281 million active equities mandate with the New Zealand Superannuation Fund.
Milford worker on leave after $1.5m deal
The Milford Asset worker who allegedly carried out manipulative trading activities has gone on extended leave, effective today.
FMA says Milford probe in 'final stages'
The FMA says it's reached the final stages of its investigation into alleged market manipulation at Milford Asset Management.
North South investors get better deal
North South Finance investors will get a better deal in the $10.24 million settlement with its board and the directors of Dominion Finance.
Law firm says watchdog means business
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 investors get $10m payout
Dominion Finance and investors will share a $10m payout after receivers and the FMA settled claims.
Ross investor fights for secrecy
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.
Ross investor tries to keep name secret
An investor who got nearly $1m from David Ross' Ponzi scheme is fighting to keep name secrecy.
Stock Takes: Refinery shares get snapped up
Could Chevron New Zealand's offloading of its NZ Refining shares be a sign of things to come?
FMA probes Christchurch forex firm
The Financial Markets Authority is investigating Arena Capital, concerned investor funds may be at risk.
Moves to halt rogue advisers
The FMA is moving to stop rogue financial services providers from abusing New Zealand registration.
Unlisted wants support in face of NZX opposition
Share trading platform Unlisted is applying for an exemption from the Financial Markets Authority.
Financial advisor admits stealing $3m
An Auckland financial advisor has admitted stealing nearly $3 million.
Home buyers get new online loan option
A newly licensed online lending service is targeting prospective homeowners who have been shut out of the mainstream mortgage market by low-equity loan restrictions.
Electricity retailer after NZX listing
King Country Energy, the biggest electricity retailer in the region, is pushing ahead with plans to move its listing to the NZX from the Unlisted platform, saying new rules could force the Unlisted....
Hanover case takes High Court step
The Hanover Finance case took another tentative step towards closure yesterday with revelations the finance company was undertaking settlement negotiations.
Milford suspended from Super Fund
The Guardians of New Zealand Superannuation has suspended the Fund’s mandate with Milford Asset Management until an FMA investigation is completed.
Ross liquidators seek $954k clawback
Liquidators of the Ross Asset Management group of companies, found to be a ponzi scheme, are looking to claw back $954,000 one investor withdrew.
$3m lost in rate swaps
Westpac is facing a claim that it made misrepresentations to get a long-standing commercial customer to buy interest rate swaps that lost it $3 million.
Hanover Group's lawsuit set for court
Hanover Group's lawsuit against its former insurance broker for failing to get it full cover hasn't settled and is now expected to be argued almost 1 1/2 years after it was due.
Bridgecorp man must repay $174k debt
Jailed former Bridgecorp director Rob Roest must repay $174,000 of legal aid for his unsuccessful defence, a High Court judge has ruled.
Receivers target bankrupt dying exec
The receivers of Belgrave Finance are trying to bankrupt the terminally ill property developer who controlled the company, despite doubts it'll yield money.
Rod Petricevic denied parole again
Jailed Bridgecorp boss Rod Petricevic has been denied parole again as he appears to have failed to come to grips with the true nature of his offending.