Media releases

Two former directors of Capital + Merchant Finance have had their prison sentences increased following a prosecution taken by the Financial Markets Authority. Read more.

Vance Arkinstall and Richard Bettle each pleaded guilty to five Securities Act charges including making untrue statements in a Dominion Finance investment statement and extension certificate, and making an untrue statement in a North South Finance extension certificate. Read more.

Charges laid in the Wellington District Court against David Robert Gilmour Ross. The charges laid by the Serious Fraud Office (SFO) allege he operated a $400 million Ponzi scheme. They follow a joint agency investigation between SFO and the FMA. Read more.

The Financial Markets Authority has released its annual report on NZX’s compliance with its obligations under the Securities Markets Act and the Authorised Futures Exchange (NZX Limited) Notice. The period under review was 1 January to 31 December 2012.

A former director of Dominion Finance Group and North South Finance, Ann Butler, has pleaded guilty to misleading investors in a prosecution taken by the Financial Markets Authority. Read more.

Stephen Charles Smith (45), pleaded guilty at the Auckland High Court today to 25 charges arising out of the collapse of Belgrave Finance Limited. Read more.

Three directors( Owen Francis Tallentire, Colin Gregory Ryan, and Robert Gordon Sutherland) of the failed finance company Capital + Merchant Finance have been sentenced at the Auckland High Court following action taken by the FMA. Read more.