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Financial Markets Authority - Latest News [Page 22]
FMA welcomes World Investor Week
Monday, 2 October 2017, 12:15 pm | Financial Markets Authority
The Financial Markets Authority (FMA) is urging investors to become familiar with some home truths about the risks of investing with off-shore, un-licensed providers as part of the first ever World Investor Week (2-8 October). More >>
FMA publishes annual report 2017
Wednesday, 27 September 2017, 3:07 pm | Financial Markets Authority
The Financial Markets Authority (FMA) published its annual report today for the financial year ending June 30 2017. This highlights two key developments for the FMA; a Government review confirming increased funding and the IMF’s Financial System Stability Assessment. More >>
FMA Toughens Approach to Misuse of FSPR
Friday, 22 September 2017, 9:35 am | Financial Markets Authority
The Financial Markets Authority’s report on the Financial Service Providers Register (FSPR) sets out its work to prevent the misuse of the FSPR between 2014 and 2017. More >>
Prince & Partners admits failings as Viaduct Trustee
Monday, 28 August 2017, 11:44 am | Financial Markets Authority
Prince and Partners Trustee Company (Prince) has admitted a series of failings in its role as trustee of Viaduct Capital Limited (Viaduct), a finance company that went into receivership in 2010. The civil proceedings brought by the FMA against ... More >>
FADC decision on financial adviser
Wednesday, 23 August 2017, 3:03 pm | Financial Markets Authority
The Financial Advisers Disciplinary Committee has published its ruling following an FMA complaint against an authorised financial adviser. More >>
Not all bonds are equal – FMA survey
Thursday, 17 August 2017, 8:49 am | Financial Markets Authority
Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that that most ... More >>
Judgment confirmed in the FMA v Warminger
Monday, 31 July 2017, 10:03 am | Financial Markets Authority
Mr Mark Warminger has withdrawn his appeal against the High Court judgment in the Financial Markets Authority v Warminger and as a result the FMA has withdrawn its cross-appeal. More >>
Consumers Tell FMA about Financial Providers’ Conduct
Friday, 21 July 2017, 12:05 pm | Financial Markets Authority
Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. More >>
FMA confirms KiwiSaver fees methodology
Wednesday, 19 July 2017, 11:51 am | Financial Markets Authority
The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them ... More >>
Former RFA sentenced at Auckland District Court
Thursday, 13 July 2017, 3:07 pm | Financial Markets Authority
A former registered financial adviser who forged clients’ initials and falsely amended insurance applications has been sentenced to 150 hours of community work, 6 months community detention and ordered to pay reparations of $16,461.24. Anthony ... More >>
Penalty judgment in the case of FMA v Warminger
Friday, 30 June 2017, 1:12 pm | Financial Markets Authority
Penalty judgment in the case of FMA v Warminger The High Court imposed a total penalty of $400,000 on Mark Warminger for two contraventions of the Securities Markets Act 1988. More >>
Annual review of NZX published
Thursday, 29 June 2017, 4:08 pm | Financial Markets Authority
Annual review of NZX published The Financial Markets Authority (FMA) has published its annual review of whether NZX met its statutory obligations as a licensed market operator. More >>
Insider Trader Jeffrey Peter Honey Sentenced
Wednesday, 14 June 2017, 10:55 am | Financial Markets Authority
Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being ... More >>
FMA files charges under Crimes Act
Friday, 9 June 2017, 1:40 pm | Financial Markets Authority
Two men appeared yesterday in the Tauranga District Court in relation to various charges filed by the FMA under the Crimes Act. More >>
Innovative Securities fails to overturn FSPR decision
Thursday, 8 June 2017, 1:59 pm | Financial Markets Authority
The High Court has dismissed an appeal by Innovative Securities Limited (Innovative Securities) against the Financial Markets Authority’s (FMA) decision to direct Companies Office, as the registrar of the Financial Services Provider Register (FSPR), ... More >>
Trial shows simple way to help KiwiSaver members
Thursday, 8 June 2017, 12:47 pm | Financial Markets Authority
KiwiSaver members who received communications created using behavioural insights were more likely to choose to move out of default funds, and less likely to transfer to another provider. More >>
FMA announces methodology for KiwiSaver fee disclosure
Thursday, 8 June 2017, 12:28 pm | Financial Markets Authority
The Government has recently introduced regulations requiring KiwiSaver providers to disclose fees in dollars in members’ annual statements. The Financial Markets Authority (FMA) has been consulting on a methodology that will assist KiwiSaver providers ... More >>
FMA survey: Investor confidence bounces back
Monday, 29 May 2017, 8:45 am | Financial Markets Authority
Major disruptions in world events over the last year have not dented New Zealanders’ confidence in financial markets. The FMA today released its annual survey into the public’s attitude to financial markets. The survey shows that confidence has risen ... More >>
Licensing overview: what the FMA found
Wednesday, 24 May 2017, 9:40 am | Financial Markets Authority
Common issues, hints for new applicants and a guide to the Financial Markets Authority’s (FMA) future focus are included in a review of the regulator’s first two and a half years of licensing. More >>
Former financial adviser pleads guilty to four charges
Thursday, 18 May 2017, 10:58 am | Financial Markets Authority
Anthony Wilson, a former Registered Financial Adviser yesterday pleaded guilty at the Auckland District Court to two charges of making a false document for pecuniary advantage. The charges were filed by the Financial Markets Authority (FMA) under ... More >>
