Enforcement Activity

FMA prosecuted Viaduct Capital and Mutual Finance directors for theft in a special relationship and false statements made to investors.

These charges relate to Morgan DeVere Corporate Finance Limited and Director Rene Moorby for breaches of the Financial Service Providers (Registration and Dispute Resolution) Act.

CA ANZ issued PCC decisions on Richard Owen Dey and Michael Derek Wood after an FMA referral over audit partner rotation compliance breaches

Wynyard investigation report 2018 sets out the Financial Markets Authority’s conclusions following an investigation into the compliance of Wynyard Group Limited with its continuous disclosure and fair dealing obligations.

The FMA has filed charges against Garry James Patterson alleging he was or was holding out as being, in the business of providing financial services in contravention of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (FSP Act).

FMA has applied for compensation, declarations of civil liability, civil pecuniary penalties against each of the five directors and promoters - Mark Hotchin, Gregory Muir, Sir Tipene O'Regan, Bruce Gordon, Eric Watson and Dennis Broit.

The FMA took action against Prince and Partners for failures as trustee of Viaduct Capital and settled civil proceedings for four point five million dollars