When the FMA comes a knocking...
Law firm Bell Gully has published new guidelines about what to do if the Financial Markets Authority raids your business.
AdvertisementAdvertise with NZME.
Latest fromFinancial Markets Authority
Capital raising shakeup looms
Investment market players are gearing up for the biggest shake-up in more than decade.
FMA announces new boss
Rob Everett, a UK-based regulatory consultant and former investment banker, has been named chief executive of the Financial Markets Authority, replacing Sean Hughes.
Finance asset freeze first for police
Police asset freezing action against two jailed Capital + Merchant directors is unprecedented.
Police look to seize directors' assets
A High Court judge has made restraining orders over property linked to two jailed Capital + Merchant Finance directors, with the police looking to eventually seize the assets.
Ross sentence 'too lenient'
The man behind NZ's largest Ponzi scheme has been sentenced to 10 years and 10 months in jail - a punishment deemed too lenient by one of his victims.
FMA cancels medical firm's prospectus
NZ's market regulator has cancelled the allegedly misleading offer documents of a company that claimed it would use investor money to set up dialysis clinics.
Kickstarter announces NZ launch date
US crowdfunding platform Kickstarter - which has helped raise more than $US800 million for creative projects - will be opening its doors to Kiwis in just over four weeks.
Premium restaurant collapses
An Auckland restaurant with links to Phoenix Forex - a company that sold controversial currency trading software - has been put into liquidation owing almost $5 million.
Clients lost millions: $4000 fine
A Christchurch financial adviser whose clients lost $6 million in Ross Asset Management's collapse has been censured and fined $4000.
Sue Brown tipped as FMA chief
Two of New Zealand's top watchdog jobs could end up being held by women.
FMA still after finance companies
Directors of failed finance companies are not off the hook yet and the Financial Markets Authority says it is likely to launch criminal proceedings.
Financial adviser accused of $3m fraud
An Auckland financial adviser accused of stealing $3 million of investors' money has been charged today.
Phoenix Forex man in bankruptcy breach
An Auckland businessman who admitted running a business while bankrupt also has a senior role in a foreign exchange trading scheme the FMA has warned the public about.
Ponzi scheme victims push for jail
David Ross had the outward appearance of a successful businessman - he lived in a $2.2 million home, owned expensive paintings, drove a Mercedes, and told clients he holidayed around the world.
Victims want Ross 'poor'
Wellington financial adviser David Ross pleads guilty to charges relating to running a Ponzi scheme.
David Ross remanded after court hearing
David Ross, the Ponzi-accused former manager of Ross Asset Management appeared in court this morning, but all aspects of the hearing were suppressed.
Dominion trio get home detention
Three directors of Dominion Finance and North South Finance were all sentenced to at least 10 months' home detention today.
Finance disciplinary body to hear its first cases
A body with the power to fine financial advisers or recommend they be deregistered will hear its first cases today.
Market manipulation case a NZ first
The FMA files civil proceedings against Diligent founder Brian Peter Henry for alleged involvement in the manipulation of company shares.