Page last updated: 09 September 2024

Media releases – 2014

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New website and Twitter account for FMA

The Financial Markets Authority (FMA) has launched two communication tools which will enhance the way it works with market participants, investors and the media.

FADC decision on Stephen Musaphia

The Financial Advisers Disciplinary Committee (FADC) has released its decision into FMA’s complaint against Stephen Musaphia.

Dominion Finance directors sentenced

Vance Eric Arkinstall, Richard Gilbert Bettle, and Paul Winston Forsyth were sentenced to home detention, community work and ordered to pay reparations. Read more.

Chair for Financial Adviser Code Committee re-elected

The Code Committee for Authorised Financial Advisers (AFAs) has re-elected David Ireland as Chair for the next 12 months.

FMA files first market manipulation case in New Zealand

FMA filed and served civil proceedings against Brian Peter Henry alleging market manipulation of shares in the NZX-listed Diligent Board Member Services. Read more.

FMA strategic leadership team appointments

The Financial Markets Authority (FMA) has announced the appointment of Sue Brown to the new position of Head of Strategy, Innovation and Engagement.

FMA CEO Announcement

The Financial Markets Authority (FMA) has announced that CEO Sean Hughes will not seek re-appointment for a second term as Chief Executive. He will continue in his role until the end of the year.

FMA releases Investigations and Enforcement Report 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.

Capital + Merchant Finance directors receive increased prison sentences

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

More charges laid against David Ross

Three more charges have been laid by the Financial Markets Authority (FMA) against David Ross alleging breaches of financial markets legislation. Read more.

Guilty pleas in Dominion Finance case

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.

Home detention for Dominion Finance directors

Two former directors of Dominion Finance have today been sentenced to home detention after pleading guilty to Securities Act charges laid by the Financial Markets Authority. Read more.

Charges laid today against David Ross

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.

Director sentenced to prison term for theft and false statements

Stephen Charles Smith (45), a former director of failed finance company Belgrave Finance Limited, has today been sentenced to four years’ imprisonment. Read more.

FMA report on NZX General Obligations Review

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.

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Media releases – 2014