FMA investigates fund manager
The Financial Markets Authority is investigating a local fund manager over suspected market manipulation, according to sources.
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Brokerage backed itself to get licence
An Auckland currency brokerage that was in breach of its reporting requirements and shut down last week after an unexpected surge in the Swiss franc never considered it would not get a new licence....
Brokerage returns clients funds
Global Brokers NZ has so far returned more than half of its clients' funds, says the Financial Markets Authority.
KiwiSaver: It pays to keep tabs on providers' fees
KiwiSavers collectively had more than $21 billion in their accounts. Those are some pretty big numbers, so what do fees mean for individual KiwiSaver balances?
Traders pay price for Swiss franc move
Global fallout from the shock decision by Switzerland's move to remove the cap on the franc has widened with more traders and hedge funds closing or facing escalating losses.
Knock-back for Ross ponzi investors
The Commerce Minister has rejected a request from David Ross' burned investors to look into the country's claw-back regime as the first court case looms.
No action on South Canterbury Finance
New Zealand’s market watchdog has confirmed it won’t take any action following its inquiry into South Canterbury Finance.
Investors must demand better governance
Institutional shareholders need to place more focus on demanding quality corporate governance from firms they have investments in, says FMA chief executive Rob Everett.
Banks face warning from FMA
The Financial Markets Authority has warned it may name and shame banks or even restrict their licences if alleged KiwiSaver mis-selling and switching practices are allowed to continue.
FMA chases estate of dead finance man
The market watchdog is targeting the estate of deceased director Terry Butler in its lawsuit against the former board of Dominion Finance.
FMA targets estate of deceased director
The FMA is targeting the estate of deceased director Terry Butler in its lawsuit against the former board of Dominion Finance.
FMA prefers Hanover deal to trial
The FMA says it would prefer to settle its civil action against six businessmen associated with Hanover Finance, and its chief executive says he is "still hopeful" a deal can be reached.
Happy Financial Markets Conduct Day! - Now time for business
Sue Brown, corporate partner at law firm DLA Phillips Fox and former FMA executive says there's an important choice to be made today - when the Financial Markets Conduct Act comes fully into effect.
Finance law reform focuses on investors
A once-in-a-generation overhaul of securities law will put the focus firmly back on investors.
FMA lawsuit a sign of things to come
New Zealand's market watchdog has for the first time stood in the shoes of out-of-pocket investors and exercised its right to sue for them.
Most pass financial advice test
New Zealand's market watchdog has declined only one financial adviser application since the collapse of David Ross' Ponzi scheme two years ago.
Crowdcube granted crowd funding licence
The FMA has licensed Armillary Capital's equity crowd funding platform, Crowdcube.
Market watchdog targets bad KiwiSaver advice
The boss of the FMA says poor KiwiSaver advice and reckless selling of financial products will be key focus areas for the regulator.
Kiwis vague on risky money options
New Zealanders have a solid understanding of low risk investments such as term deposits, but are less knowledgeable about more risky options like shares, according to research commissioned by the....
High noon for the repo men
Debt collectors and repo men need to clean up their act says the Commerce Commission, which next year gets new powers to directly crack down on shoddy practices.
Auto-finance firm to repay overcharged customers
More than 800 customers of a consumer loans company will get back $3.3 million after they were overcharged for interest and fees.
FMA issues warning about building society
The Financial Markets Authority has today issued a warning about General Equity, which it considered has "engaged in misleading and deceptive conduct."
SPI reporting dispute 'close to resolution'
Two property fund directors accused of filing company statements late are in discussions with the FMA and are "close to reaching a resolution" of the charges they face.