In taking these proceedings, it was the first time FMA brought s 34 case and acted in the place of the investors in Viaduct who lost most of their investments when Viaduct was put into receivership. Read more.
The FMA has issued civil proceedings seeking pecuniary penalties against Mr Warminger for trading carried out between January and August 2014. The FMA alleges that MR Warminger’s conduct amounted to market manipulation in breach of s11B of the Securities Markets Act 1988.
FMA determined that the FSPR registration of Innovative Securities is or is likely to create a false or misleading appearance that it is an FSP in New Zealand and directed companies office to deregister it. Read more.
FMA initiated civil proceedings against Archer Capital (Pty) Limited and Healthcare Industry Limited (HIL) for alleged breaches of the substantial shareholder disclosure obligations contained in the Securities Markets Act 1988, in relation to shares in Abano Healthcare Group Limited (Abano). Read more.
The criminal proceeding brought by FMA relates to allegations of breaches of the FR Act, FA Act and FSPR Act. The Serious Fraud Office has also laid separate charges under the Crimes Act against Mr Robinson. Mr Turnock was charged under the FR Act. Read more.
The FMA has ordered a foreign exchange educator Cambrian to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services.
In our first action against market participants based overseas, we charged four Australian-based directors of OPI Pacific Finance Limited (in receivership and in liquidation) for suspected misconduct in relation to its collapse. Read more.
This criminal proceeding relates to allegations that Murray Alcock and Allister Knight, as Directors of SPI Capital Limited and SPI Property Limited, failed to deliver financial statements to the Registrar of Companies under ss 18(1) & 38(b) Financial Reporting Act 1993. Read more.
The Financial Markets Authority (FMA) has issued a Stop Order against Green Gardens Finance Trust Limited (GGFT) and warns the public to be wary of doing business or depositing money with this company.
FMA laid criminal charges and civil proceedings against five directors of CMF, Neal Nicholls, Owen Tallentire, Colin Ryan, Wayne Douglas and Robert Sutherland, under the Securities Act. These charges related to untrue statements in offer documents distributed in 2006. Read more.
The breaches relate to Lombard's failure to disclose information to the market, such as loan book quality and liquidity, regarding the performance of its finance company subsidiary Lombard Finance and Investments Limited (LFIL). Read more.