1 July 2013
The Financial Markets Authority (FMA) has released its Investigations and Enforcement Report on the key issues and themes arising in the last 12 months.
The report includes the number of complaints and enquiries received and the nature of those complaints; details of the inquiries and investigations FMA has been engaged in; and key emerging issues.
The last 12 months has seen FMA’s enforcement focus shift from issues of the past, such as failed finance company proceedings and investigations, to current market issues. This includes contraventions of the financial advisers’ regime; illegal offers to the public; and insider trading and market manipulation.
FMA’s enforcement activities have identified the need for market participants to act professionally and diligently, and to put investors’ interests first. Enforcement is necessary to deter unlawful conduct and to lift market standards.
FMA’s main statutory objective is to promote fair, efficient, and transparent financial markets.
The Investigations and Enforcement Report can be found here.
Tony Reid on 021 739 052 or email@example.com
Let us know what you think
Did you find this page useful?