Kalkine

Background

Kalkine describes itself as an equities research firm and holds a transitional financial advice provider licence from the FMA. Its sales representatives have made numerous outgoing sales calls to persons in New Zealand offering the purchase of stock analysis reports, which provide buy, sell or hold recommendations. 

Timeline

August 2022 – 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. 

• Related media release: FMA directs Kalkine to stop making outgoing sales calls to New Zealanders after misleading marketing conduct