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Financial Markets Authority - Latest News [Page 29]
Directors fined for not filing financial statements
Thursday, 11 September 2014, 4:09 pm | Financial Markets Authority
Directors Hayden George Jones and Thomas Alexander George Jones have been fined $35,000 each for breaches of the Financial Reporting Act 1993 (the FRA). The Financial Markets Authority (FMA) brought charges on four counts against both directors for ... More >>
FMA talking investment risk for Money Week
Monday, 8 September 2014, 4:06 pm | Financial Markets Authority
The Financial Markets Authority (FMA) today announced its plans for this year's Money Week from October 13-19 2014. The FMA will be hosting a panel discussion to promote greater understanding of investment risk. More >>
FMA files civil proceedings against trustee
Wednesday, 20 August 2014, 10:18 am | Financial Markets Authority
The Financial Markets Authority ( FMA ) has filed civil proceedings against Prince and Partners Trustee Company Limited ( Prince ), using the powers of section 34 of the Financial Markets Authority Act . Prince was the trustee for finance company ... More >>
Strategic Finance settlement proceeds to first distribution
Tuesday, 12 August 2014, 11:58 am | Financial Markets Authority
In June this year PwC Partners John Fisk and Colin McCloy, as Receivers of Strategic, together with the Financial Markets Authority, announced they had finalised a $22 million settlement agreement with the former directors and auditors of Strategic. More >>
Brian Henry admits market manipulation
Thursday, 7 August 2014, 5:18 pm | Financial Markets Authority
Brian Peter Henry has admitted all of the Financial Markets Authority’s (FMA) allegations that he breached the market manipulation prohibitions in the Securities Markets Act 1988 . FMA’s claims followed a referral from NZX and arose out of Mr Henry’s ... More >>
FMA issues first equity crowd funding licences
Thursday, 31 July 2014, 9:13 am | Financial Markets Authority
The Financial Markets Authority (FMA) today issued its first equity crowd funding licences under the Financial Markets Conduct Act 2013 . More >>
FMA: NZ’s first licence for peer-to-peer lending services
Tuesday, 8 July 2014, 10:54 am | Financial Markets Authority
The Financial Markets Authority (FMA) today issued its first peer-to-peer lending service licence. Auckland-based Harmoney is the first provider of this new financial service, under the provisions of the Financial Markets Conduct Act 2013. More >>
Prosecutions promote renewed public confidence
Friday, 4 July 2014, 11:16 am | Financial Markets Authority
Lawyer, Hugh Edward Staples Hamilton (63), who was found guilty of fraud in relation to the collapse of Belgrave Finance Limited (Belgrave), has been sentenced at the Auckland High Court today to four years and nine months’ imprisonment. More >>
Consequences for failing to comply with obligations
Thursday, 3 July 2014, 3:03 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has filed charges against the directors of eight companies that raise funds from the public, for breaches of the Financial Reporting Act (FRA). More >>
FMA publishes annual review of NZX regulatory obligations
Monday, 30 June 2014, 9:25 am | Financial Markets Authority
The Financial Markets Authority (FMA) today published its annual General Obligations Rev iew of NZX. More >>
MA releases guide to help smaller financial adviser business
Wednesday, 18 June 2014, 9:43 am | Financial Markets Authority
MA releases guide to help smaller financial adviser businesses with the licensing process for DIMS More >>
Regulation of financial services promotes greater choice
Tuesday, 17 June 2014, 2:18 pm | Financial Markets Authority
The Financial Markets Authority (FMA) CEO Rob Everett has called on business to support New Zealand’s new regulatory regime - in financial services and in business generally - so that New Zealand enjoys more sustained, stronger economic growth. ... More >>
Statement of clarification on Abano Healthcare Group Ltd
Friday, 6 June 2014, 3:12 pm | Financial Markets Authority
Statement of clarification on Abano Healthcare Group Ltd (NZX:ABA) The Financial Markets Authority (FMA) today clarified statements that have apparently been made in communications with shareholders in Abano Healthcare Group Ltd (NZX:ABA). The ... More >>
FMA confirms settlement with Strategic Finance Directors
Thursday, 5 June 2014, 1:14 pm | Financial Markets Authority
The Financial Markets Authority (FMA) and the Receivers of Strategic Finance Limited (Strategic), John Fisk and Colin McCloy of PwC, have today announced that they have finalised a settlement with the directors and auditors of Strategic. Under the terms ... More >>
FMA issues formal warning to St Laurence directors
Thursday, 29 May 2014, 10:09 am | Financial Markets Authority
FMA issues formal warning to St Laurence directors - investigation closed The Financial Markets Authority (FMA) has closed its investigation into St Laurence Limited (in liquidation) and has formally warned eight directors of St Laurence Limited in respect ... More >>
Middle-income earners much more confident in markets
Tuesday, 20 May 2014, 9:56 am | Financial Markets Authority
Almost 70 per cent of middle-income earners are now confident in New Zealand’s markets, an increase of 13 percentage points since 2013. A Financial Markets Authority survey of New Zealanders’ attitudes to financial markets, released today, has found ... More >>
Financial Markets Conduct Act takes effect
Thursday, 1 May 2014, 12:35 pm | Financial Markets Authority
The Chief Executive of the Financial Markets Authority, Rob Everett, says a long-term cultural shift – for the better – is underway in New Zealand financial services as the new Financial Markets Conduct Act 2013 takes effect. More >>
Investors better informed about low ball offers
Thursday, 27 March 2014, 10:38 am | Financial Markets Authority
FMA says in a report published today that new regulations are assisting investors to make better informed decisions about unsolicited or low ball offers. The report also acknowledges that companies whose investors have been targeted have contributed ... More >>
A second contributory mortgage broker pleads guilty
Wednesday, 26 March 2014, 3:17 pm | Financial Markets Authority
First Mortgage Investments Limited, a contributory mortgage broking firm, has been convicted and fined $4,000 plus court costs for failing to deliver its annual report to the Registrar of Companies by 30 June 2013. First Mortgage pleaded guilty to the ... More >>
Criminal charges from investigation into Viaduct and Mutual
Friday, 21 March 2014, 2:23 pm | Financial Markets Authority
The Financial Markets Authority has filed charges under the Crimes Act and under the Companies Act against directors and another of Viaduct Capital Limited (in receivership) and Ex-MFL Limited (in Receivership) (formerly Mutual Finance Limited). More >>
