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Page last updated: 11 August 2023

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.

Search Results

Found 86 results. Displaying page 3 of 6

  1. 11 August 2023

    Enprise Group Limited

    FMA issues a formal warning to Enprise Group Limited (Enprise), for failing to keep proper accounting records.

  2. 21 July 2023

    Forestlands and director Rowan Charles Kearns

    Rowan Kearns, the founder and sole director of the Forestlands group of companies, was sentenced yesterday to four months’ community detention and 100 hours’ community work with a 9pm – 7am curfew.

  3. 5 July 2023

    Validus and its associated persons

    The FMA has made a permanent stop order that applies to Validus International LLC, Validus-FZCO, and associated persons of Validus, using the FMA’s powers under the Financial Markets Conduct Act 2013.

  4. 29 June 2023

    Tiger Brokers (NZ) Limited

    The Auckland High Court has ordered Tiger Brokers (NZ) Limited to pay $900,000 for breaching the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009, in proceedings brought by the FMA.  

  6. 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.

  7. 17 January 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.

  8. 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.

  10. 20 October 2022

    Jasper NZ Investments Limited

    Formal warning issued to Jasper NZ Investments Limited following concerns about disclosures to investors.

  12. 20 October 2022

    Wolfbrook Capital Limited

    Formal warning issued to Wolfbrook Capital Limited following concerns about disclosures to investors.

  14. 30 September 2022

    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.

  15. 1 August 2022

    Kalkine

    FMA directed Kalkine New Zealand Limited to stop making outgoing sales calls to people in New Zealand following concerns about the entity’s misleading marketing conduct.