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Securities Commission - Latest News [Page 3]
Update from Code Committee Chairman
Friday, 25 June 2010, 10:06 am | Securities Commission
The Code Committee notes that Parliament has agreed to the Select Committee recommendations and amendments with respect to the Financial Advisers Act. More >>
Securities Commission Welcomes Commerce Settlement
Tuesday, 22 June 2010, 4:57 pm | Securities Commission
The Securities Commission welcomes the settlement achieved between the Commerce Commission and ANZ National Bank Limited (ANZN) and ING (NZ) Limited (ING). The settlement relates to the Commerce Commission’s investigation into alleged breaches of the Fair Trading ... More >>
Investment adviser and broker banned
Monday, 14 June 2010, 2:53 pm | Securities Commission
Former Timaru-based investment adviser Neville Ian Cant, found guilty of forgery and theft, is banned from operating as an adviser or investment broker for five years. More >>
Further unsolicited offer for Strategic Finance
Friday, 11 June 2010, 4:28 pm | Securities Commission
Debenture-holders in Strategic Finance Limited should be wary of an offer by Stock & Share Trading Company Pty Limited to buy their debentures for 5c in the dollar. Stock & Share Trading Company, which is based in Australia, had previously offered ... More >>
Guide for Authorised Financial Advisers Released
Wednesday, 2 June 2010, 3:14 pm | Securities Commission
The Securities Commission today released the AFA Adviser Business Statement Guide to help financial advisers prepare for the new regulatory regime. The guide explains the document to be prepared by an adviser applying to become an Authorised Financial ... More >>
Investors Entitled To Refunds: Sec Com
Friday, 28 May 2010, 12:44 pm | Securities Commission
Securities Commission investigations into finance companies have found that many investors are entitled to refunds on their investments. More >>
Warning: Offer of Securities by 9999 Gold Mining
Thursday, 6 May 2010, 12:37 pm | Securities Commission
The Securities Commission warns the public to be wary of a company called 9999 Gold Mining Corporation. The Commission understands this company may be offering securities to members of the public in New Zealand. More >>
Warning: Unsolicited Offer St Laurence Debentures
Thursday, 6 May 2010, 12:15 pm | Securities Commission
Debenture-holders in St Laurence Finance Limited should be wary of an offer by Stock and Share Trading Company Pty Ltd to buy their debentures for 8c in the dollar. More >>
Criminal Charges Laid Against Lombard Directors
Thursday, 15 April 2010, 12:04 pm | Securities Commission
The Securities Commission today confirmed that it has laid criminal charges against Lombard Finance & Investments directors Sir Douglas Graham, Michael Reeves, William Jeffries and Lawrence Bryant. More >>
Commission To Sue Nuplex Industries Limited
Wednesday, 14 April 2010, 9:40 am | Securities Commission
The Securities Commission has decided to file civil proceedings against Nuplex Industries Limited (Nuplex) and certain current and former directors. More >>
Civil Proceedings Served On Lombard Finance
Tuesday, 13 April 2010, 3:01 pm | Securities Commission
The Securities Commission has issued civil proceedings under the Securities Act against Lombard Finance & Investments directors Sir Douglas Graham, Michael Reeves, William Jeffries and Lawrence Bryant. More >>
Draft Code Adds Momentum to Regulation
Wednesday, 31 March 2010, 2:38 pm | Securities Commission
The release today for public consultation of the draft Code of Professional Conduct is a significant step towards having the financial adviser regime in place, according to David Mayhew, the Commissioner for Financial Advisers. The Code specifies the ... More >>
Guidance on financial planning, advice
Monday, 29 March 2010, 12:45 pm | Securities Commission
The Securities Commission has issued guidance for the financial advice sector on the boundary between financial a planning service and financial advice. This will help advisers prepare to meet the requirements of the Financial Advisers Act when ... More >>
Guidance for Kiwisaver Providers
Wednesday, 24 March 2010, 12:27 pm | Securities Commission
The Securities Commission has today published guidance for providers on distribution and disclosure of KiwiSaver schemes. More >>
Capital + Merchant Finance Directors Charged
Friday, 19 March 2010, 12:02 pm | Securities Commission
The Securities Commission has laid criminal charges and issued civil proceedings against Capital + Merchant Finance directors Neal Nicholls, Owen Tallentire, Colin Ryan and Robert Sutherland. Criminal charges have also been laid against Wayne Douglas, ... More >>
Guide for disclosure of credit ratings
Friday, 26 February 2010, 11:56 am | Securities Commission
The Securities Commission today issued interim guidance for non-bank deposit takers (NBDTs) on disclosure of credit ratings. Mandatory credit rating requirements for NBDTs come into effect on 1 March. More >>
Huljich KiwiSaver Fund withdraws statement
Friday, 19 February 2010, 11:40 am | Securities Commission
The Securities Commission has been advised that Huljich Wealth Management (New Zealand) Limited has voluntarily withdrawn its current investment statement for the Huljich KiwiSaver Fund after Commission staff expressed concerns about reporting of historical ... More >>
WARNING: Illegal Share Offer
Thursday, 4 February 2010, 12:27 pm | Securities Commission
The Securities Commission warns people who have been invited to invest in Inertialess Drive ZPE (2010) Limited that its share offer is illegal. The Securities Commission has banned a document offering shares in Inertialess Drive ZPE (2010) Limited. The ... More >>
Unsolicited Offer for Strategic Finance debenture
Wednesday, 27 January 2010, 5:31 pm | Securities Commission
Debenture-holders in Strategic Finance Limited should be wary of an offer by Marchmont Securities Trust to buy their debentures for 10c in the dollar. Investors should be cautious of any unsolicited offer to purchase their investments, especially where ... More >>
Guide For Qualifying Financial Entities
Wednesday, 23 December 2009, 11:40 am | Securities Commission
The Securities Commission today released the first of its guides to assist the financial adviser industry to prepare for the new regulatory regime. The QFE Adviser Business Statement Guide explains the document required to be prepared by a business applying ... More >>
