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Securities Commission - Latest News [Page 1]
Warning: Unsolicited Offer for Warehouse Group Ltd Shares
Tuesday, 26 April 2011, 3:35 pm | Securities Commission
Shareholders in The Warehouse Group Limited should be wary of an offer dated 18 April 2011 from Cargill Securities LP (Cargill) to buy their shares for $2.34 per share. More >>
Committee begins financial adviser disciplinary proceedings
Thursday, 21 April 2011, 10:08 am | Securities Commission
Departing Commissioner for Financial Advisers, David Mayhew, has completed his final statutory role as Chair of the Financial Advisers Disciplinary Committee chairing its first meeting, where the committee approved its rules and procedures for operation. More >>
Unsolicited Offer for Sky City Entertainment Ltd shares
Wednesday, 20 April 2011, 3:49 pm | Securities Commission
Shareholders in Sky City Entertainment Group Limited should be wary of an offer dated 18 April 2011 from NZ Investment Securities LP (NZIS) to buy their shares for $2.30 per share. The general partner of NZ Investment Securities LP is Mr Bernard Whimp. ... More >>
D-Day for Financial Advisers
Thursday, 31 March 2011, 4:52 pm | Securities Commission
From 1 April, all financial advisers, or the companies they work for, have to be registered on the online Financial Service Providers Register. Advisers who should be on the register, but aren’t risk hefty penalties. More >>
Commission releases risk assessment for sector
Tuesday, 29 March 2011, 12:20 pm | Securities Commission
The Securities Commission today released a risk assessment to help those it is responsible for supervising prepare to meet upcoming requirements of the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009. More >>
Whimp partnerships injuncted
Thursday, 24 March 2011, 1:10 pm | Securities Commission
Whimp partnerships injuncted at Securities Commission’s request The High Court, on application from the Securities Commission, has today granted interim injunctions to stop shares being transferred to limited partnerships associated with Mr Bernard ... More >>
Whimp partnerships ordered to correct ‘low ball’ offers
Friday, 18 March 2011, 4:51 pm | Securities Commission
The Securities Commission has today made orders against limited partnerships associated with Mr Bernard Whimp. The orders follow misleading offers made by the limited partnerships to buy shares in a number of listed companies. They require the limited partnerships, ... More >>
Commission Warns About More Unsolicited Offers
Thursday, 17 March 2011, 5:28 pm | Securities Commission
The Securities Commission is alerting investors to be wary of further unsolicited offers for shares which have been brought to its attention following a warning it issued yesterday. More >>
Guide for Trans-Tasman Mutual Recognition of Securities
Thursday, 17 March 2011, 2:04 pm | Securities Commission
The Australian Securities and Investments Commission (ASIC) and New Zealand Securities Commission have jointly published updated guidance for Australian and New Zealand issuers offering shares, debentures or interests in managed or collective investment ... More >>
Mutual Recognition Of Securities Offerings Updated
Thursday, 17 March 2011, 2:03 pm | Securities Commission
. News release 17 March 2011 Guide For Trans-Tasman Mutual Recognition Of Securities Offerings Updated More >>
Commission issues warning on unsolicited offers
Wednesday, 16 March 2011, 9:15 pm | Securities Commission
News Release 16 March Commission issues warning on unsolicited offers from Carrington Securities and Energy Securities LP More >>
First QFEs granted
Monday, 14 March 2011, 3:14 pm | Securities Commission
First QFEs granted The first Qualifying Financial Entities (QFEs) licences have been granted today signalling the next step in the implementation of the new financial advisers regulatory regime. Securities Commission Director of Financial Adviser Regulation, ... More >>
Nathans director pleads guilty to Securities Com charges
Friday, 4 March 2011, 12:10 pm | Securities Commission
John Hotchin, a former director of Nathans Finance NZ Limited (in receivership) (‘Nathans’) has pleaded guilty to three charges laid by the Securities Commission under section 58 of the Securities Act 1978. More >>
Securities Commission and Nuplex reach settlement
Wednesday, 23 February 2011, 9:22 am | Securities Commission
In April 2010, the Securities Commission commenced civil proceedings against Nuplex Industries Limited and six of its present or past directors, John Hirst, Robert Aitken, Barbara Gibson, David Jackson, Bryan Kensington and Michael Wynter. The Commission ... More >>
Commission takes action against Insured Group
Wednesday, 2 February 2011, 1:58 pm | Securities Commission
The Securities Commission has commenced civil proceedings against Insured Group Limited, formerly known as Lombard Group Limited, in relation to alleged breaches in 2007 and 2008 of the continuous disclosure provisions of the Securities Markets Act 1988. More >>
New conditions for Qualifying Financial Entities
Wednesday, 22 December 2010, 3:41 pm | Securities Commission
The Securities Commission has published the standard conditions Qualifying Financial Entities (QFEs) will need to abide by when their employees and representatives give financial advice. More >>
Review highlights need for better valuation disclosure
Tuesday, 21 December 2010, 10:50 am | Securities Commission
Securities issuers need to include more information on how their financial assets and liabilities have been valued, says Securities Commission Chairman Jane Diplock. Ms Diplock was commenting on findings from the latest review in the Commission’s ... More >>
Warning: investment statement banned
Friday, 17 December 2010, 8:18 pm | Securities Commission
The Securities Commission has banned INNL’s investment statement following the banning of INNL’s website earlier this month. INNL has made an illegal offer of shares to the public. There is no registered prospectus for the offer. More >>
Hotchin's assets frozen on Commission request
Wednesday, 15 December 2010, 3:03 pm | Securities Commission
The High Court, on application from the Securities Commission, has granted a freezing order with respect to New Zealand assets believed to be associated with former Hanover director Mark Hotchin. More >>
Illegal Share offer by IRA NRG NZ Limited (INNL)
Wednesday, 8 December 2010, 12:34 pm | Securities Commission
The Securities Commission warns people of an illegal share offer by Ira NRG NZ Limited (INNL) and its sole director Simon Romana. The Commission has banned the company’s website and the content of the website has been removed. There is no registered prospectus ... More >>
