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Page last updated: 20 October 2022

Enforcement Activity

In the event of a breach of financial markets legislation, we may intervene on an informal basis or at a low level where such action is proportionate to the misconduct and will achieve an appropriate market outcome. However, where appropriate, we will take strong action and hold individuals and entities accountable when they break the law and fail to meet the standards that are expected of them. If harm has been identified, we may also take regulatory action of some sort even though no ‘rules’ appear to have been broken.

Our enforcement activity can be viewed on this page.

Related:


List: Management bans and undertakings of non-participation
List: NZ finance company collapses (2006–2012)
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Found 126 results. Displaying page 1 of 9

  2. Stop Order
    Licence cancellation

    23 May 2023

    Wisdom House Investment Partners Limited

    FMA made a permanent stop order to Wisdom House after its sole financial adviser engaged in serious misconduct at his previous employer.
  4. Court – criminal

    2 May 2023

    Forestlands and director Rowan Charles Kearns

    FMA has referred some matters to the Serious Fraud Office and will continue to complete its inquiries in relation to financial markets issues. See latest in Forestlands case.
  6. Misleading statement
    Court – civil

    30 March 2023

    Cigna Life Insurance New Zealand Limited

    Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the FMA. This page documents the timeline of enforcement activity.
  7. Court – civil

    30 March 2023

    AIA

    The Auckland High Court has ordered life insurer AIA to pay a pecuniary penalty of $700,000 for making false and/or misleading representations to some customers.
  8. Formal warning

    29 March 2023

    Vanguard

    FMA has issued a formal warning to Vanguard, for failing to lodge a required notice on the New Zealand Companies Office Disclose Register. A notice should have been lodged of an exercise of power taken against it, by the Australian Securities and Investment Commission (ASIC).
  9. Misleading statement

    10 March 2023

    Du Val

    The FMA has warned Du Val Capital Partners Limited (DVCP), the general partner of the Du Val Mortgage Fund Limited Partnership (Du Val Mortgage Fund, MFLP, the Fund) and Du Val Group. See all enforcement activity relating to Du Val on this page
  11. Licence contraventions

    22 December 2022

    The Property Crowd

    FMA has suspended the crowdfunding provider licence of The Property Crowd after the entity materially contravened its licensee obligations.
  12. Formal warning

    21 December 2022

    Tiger Brokers (NZ) Limited

    The FMA has filed civil High Court proceedings against Tiger Brokers for allegedly breaching the AML/CFT Act 2009. View the history of this case.
  13. Formal warning

    20 October 2022

    Williams Corporation Capital Partnership GP Limited

    The FMA has issued a formal warning to Williams Corporation Capital Partnership GP Limited following concerns that they may have failed to give disclosures to investors as required by Part 3 of the Financial Markets Conduct Act 2013 because it relied on the wholesale investor exclusion in circumstances where they were not entitled to. This is because some eligible investor certificates were incomplete.
  14. Formal warning

    20 October 2022

    Provincia Property Fund Limited

    The FMA has issued a formal warning to Provincia Property Fund Limited following concerns that they may have failed to give disclosures to investors as required by Part 3 of the Financial Markets Conduct Act 2013 because it relied on the wholesale investor exclusion in circumstances where they were not entitled to. This is because some eligible investor certificates were incomplete.
  15. Formal warning

    20 October 2022

    Jasper NZ Investments Limited

    The FMA has issued a formal warning to Jasper NZ Investments Limited following concerns that it may have failed to give disclosures to investors as required by Part 3 of the Financial Markets Conduct Act 2013 because it relied on the wholesale investor exclusion in circumstances where they were not entitled to. This is because some eligible investor certificates were incomplete.