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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.
More than 800 customers of a consumer loans company will get back $3.3 million after they were overcharged for interest and fees.
The Financial Markets Authority has today issued a warning about General Equity, which it considered has "engaged in misleading and deceptive conduct."
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.
New Zealand's financial regulator spent $400,000 more investigating and chasing Brian Henry for market manipulation than it got back from him in penalties.
The 300-strong, record turnout at last weekend's Shareholders Association annual conference helped illustrate a major challenge facing the local sharemarket.
FMA fears recklessness, tells investors: Don’t stop the party but turn down the music.
Former SFO boss Adam Feeley says he hopes the police are considering a criminal investigation into claims Judith Collins was linked to a smear campaign against him.
Former SFO boss Adam Feeley says he would not have briefed ministers on investigations if he had had any suspicion that information was being leaked to others.
Prime Minister John Key said he believed his campaign was still on track, despite the "bomb" that has been thrown since the release of Dirty Politics.
Bridgecorp's jailed chief financial officer Rob Roest has been denied parole because of the risk he could pose to the community.
The Financial Markets Authority has contacted stock exchange operator NZX after share traders potentially gained an unfair advantage from price-sensitive information published.
New Zealand's market watchdog has taken unprecedented action against a failed finance company trustee.
Mark Hotchin has lost an appeal over a decision which said Hanover's trustees did not have a duty to verify the accuracy of statements in allegedly misleading prospectuses.
Failed finance company director Trevor Ludlow has done contract work for a receiver with his own fraud convictions since being released on parole.
Shareholders in Renaissance Brewing company have cancelled their claim on $147,000 of earnings to make it a more attractive investment opportunity.
Diligent Board Member Services founder Brian Henry has admitted to market manipulation and will pay a $130,000 penalty after settling with the Financial Markets Authority.
Disgraced Bridgecorp boss Rodney Petricevic has been denied parole on the grounds he may still pose an undue risk to the safety of the community.
Wellington-based PledgeMe and Auckland-based Snowball Effect are the first to gain equity crowd funding licences under the new Financial Markets Conduct Act.
New Zealand's market watchdog says a spate of prosecutions shows the consequences for firms which don't file financial statements on time.
Unlisted, the share trading platform run by Armillary Private Capital, is mulling an application to be a registered market or seek to be exempted.
The boss of New Zealand's first peer-to-peer lending service, Harmoney, says the online platform will shake up the personal loan market and give retail investors a new option.