Page last updated: 09 September 2024

Media releases – 2012

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Financial adviser censured for code breaches

The Financial Advisers Disciplinary Committee (FADC) has censured an Authorised Financial Advisor (AFA) following a case brought by the FMA. Read the decision on breaches and decision on penalty here.

FMA publicly warns financial adviser for KiwiSaver advice in wake of COVID-19

The Financial Markets Authority (FMA) has issued a public warning to a financial adviser due to advice he gave clients in relation to their KiwiSaver and other investments following COVID-19 market volatility.

Peer-to-peer lending and crowdfunding 2020 data published

New Zealand’s peer-to-peer lending (P2P) and equity crowdfunding sectors experienced steady growth in the last year, according to data from the Financial Markets Authority (FMA).

‘Director for hire’ Michael Reps sentenced for FSPR abuse

Michael Reps, the New Zealand-based director of Pegasus Markets Limited, has been sentenced to two months community detention and 90 hours community work after criminal charges were brought by the Financial Markets Authority (FMA) for breaches to the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act).

FMA fears Chinese New Zealanders are under-reporting investment scams

Chinese New Zealanders are being urged to beware of investment scams in the current economic climate, and to report any investment scams to the Financial Markets Authority (FMA).

ANZ admits breaching FMC Act for misleading representations over credit card insurance charges

The Auckland High Court has ordered ANZ New Zealand to pay a $280,000 penalty for breaching section 22 of the Financial Markets Conduct Act 2013 (FMCA) in relation to its supply of Credit Card Repayment Insurance (CCRI) to certain bank customers.

FMA announces senior leadership change

The Financial Markets Authority (FMA) announced today its General Counsel, Nick Kynoch, had resigned and would leave the regulator in late February to take up a new role as General Counsel for Generate Kiwisaver.

FMA releases review of NZX technology issues

A review of NZX by the Financial Markets Authority (FMA), released today, has found the stock exchange failed to meet its licensed market operator obligations due to insufficient technology resources.

ASX 24 derivatives market review released

The Financial Markets Authority (FMA) has published the findings of its obligations review of the ASX 24 derivatives market for the period of 1 July 2018 to 30 June 2020.

FADC decision published

The Financial Advisers Disciplinary Committee (FADC) has today published its decision regarding a case brought by the FMA.

Victims of PTT, Steven Robertson and Rodney McCall to receive payout; McCall sentenced to home detention

The Financial Markets Authority (FMA) has welcomed two court decisions that will see victims of convicted fraudsters Steven Robertson and Rodney McCall receive a portion of their money back. Mr McCall has also been sentenced to 12 months’ home detention for his crimes.

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