FMA moves against Du Val Group on $20m fund
Financial Markets Authority is yet to announce any action against Du Val.
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Latest fromFinancial Markets Authority
Markets watchdog has 'less tolerance' for anti-money laundering breaches
A new report detailed anti-money laundering monitoring insights for the past three years.
KiwiSaver hardships claims spiked, manager fees too
More than 3 million people are now in KiwiSaver.
'Treacherous trio of scams': Markets watchdog issues warning about Covid-19 exploitation
Scammers and fraudsters are exploiting the Covid-19 crisis and economic climate.
FMA appoints new chief executive
Kiwi Samantha Barrass will return to New Zealand to take up the role.
Derivatives trading firm hit with $770,000 fine
About $40.8m of the $50m in suspicious transactions related to deposits by two customers.
Sharesies formally warned for anti-money laundering law failures
The investing platform is cooperating with the regulator to meet its legal obligations.
CEO alleged to have made anonymous posts slapped with High Court action
The CEO allegedly went by the usernames "bullish" and "Epithermal".
All Blacks logo used by fake Canadian bank in suspected scam
In a global game of whack-a-mole there's little authorities can do but warn against scams.
Why FOMO is driving investors into the sharemarket
Research reveals what is driving Kiwis to use online investment platforms.
NZ's largest life insurer faces $700,000 fine for misleading customers
AIA's behaviour exacerbated and prolonged the harm to vulnerable customers, watchdog says.
FMA censures Wellington firm over unpermitted investment advice
FoxPlan's authorised financial advisers may have not complied with disclosure obligations.
FMA sees increase in insider trading complaints during Covid-19
The pandemic has also seen aggressive marketing for unregulated products such as crypto.
FMA slaps crowd-funding platform with $7500 infringement fee
The company is yet to file financial statements, which were due last year.
Can Jasper become a 'Sharesies' for property investors?
The Auckland firm wants to be the Sharesies of property investing.
FMA survey highlights rising popularity of online trading platforms
The FMA says investor confidence is running high, as is interest in online platforms.
High Court considers penalty for derivatives trader's breaches
The FMA said the firm failed in its legal obligations over nearly $50m in transactions.
Influencers warned not to give financial advice
Regulator concerned some may be straying into regulated financial advice.
High Court strikes out part of $278m claims against PwC
Judge says the claims can be regarded as 'frivolous, vexatious or an abuse of process'.
Judge rules against third CBL accused's continued anonymity
Businessman fears he would die from a stroke if his name was published in SFO case.
New stock exchange for SMEs to be launched
Catalist will target companies that are valued between $6m and $60m.
Shares trader behind $10m Ponzi scheme loses final appeal bid
Steven Robertson stole millions from his clients to fund a lavish lifestyle.
Derivatives trader admits anti-money laundering law breaches
Company accounts show the company made a $154m loss in 2020.
Wolves at the door: The woman fighting NZ's fraudsters and conmen
The internet has magnified the charm of the fraudster.
Abuse of NZ shell companies and trusts highlighted in global report
Sectors like banking and real estate were identified for potential vulnerability.
Markets watchdog warns fund managers about advertising phenomenal investment returns
Promoting gains without context can be misleading.
Markets watchdog takes Rockfort to task over misleading ads
The FMA has directed Rockfort Markets to remove or amend ads on its website.
Finance firm recorded $15m loss before FMA restricted trading
Auditor qualifies opinion on Auckland-based broker's accounts.
FMA chief executive Rob Everett to depart
Rob Everett has headed up the Financial Markets Authority for seven years.
ANZ fined $280,000 for misleading credit card insurance policies
"ANZ simply was not looking or looking adequately in the right places."
Financial adviser warned by regulator over KiwiSaver advice
Adviser told clients to move their KiwiSaver to low risk funds amidst Covid uncertainty.
Derivatives firm director a 'gun for hire', says FMA
Pegasus Markets was earlier fined $200,000 for the breaches.
ANZ credit card insurance breaches go back decades - court told
"It took time to chase rabbits down holes and identify what had gone wrong."
Regulator gives market manipulation warning amid rise in investor activism
FMA CEO Rob Everett says the rise in investor activism looks here to stay.