Media releases – 2015

Found 779 results. Displaying page 1 of 52

1. Media release

   11 April 2025

   FMA files criminal charge against former financial adviser

   FMA charges former financial adviser Prem Gounder for dishonestly using a false document, reinforcing trust and accountability in NZ financial markets.
2. Media release

   4 April 2025

   FMA files civil proceedings against IAG for fair dealing breaches

   FMA files civil proceedings against IAG for fair dealing breaches, alleging misleading premium pricing and discount failures affecting 269,000+ customers.
3. Media release

   2 April 2025

   FMA unveils review into financial advice accessibility to drive better outcomes for the financial advice sector

   The FMA Chief Executive Samantha Barrass today announced a review of the advice sector to help drive better outcomes for industry and consumers.
4. Media release

   31 March 2025

   CoFI regime now in effect 

   The Conduct of Financial Institutions (CoFI) regime is now in effect—FMA expects licensed banks, insurers, and lenders to treat NZ consumers fairly and uphold the fair conduct principle.
5. Media release

   20 March 2025

   FMA releases update on Outcomes-Focused Regulation

   The FMA has published its updated approach to Outcomes-Focused Regulation after considering wide ranging feedback from financial services firms, consumer groups and law firms.
6. Media release

   18 March 2025

   FMA files criminal charges against David McEwen

   The FMA has filed criminal charges against former financial adviser David McEwen, for failing to comply with an FMA stop order, due to concerns he is still contacting potential investors.
7. Media release

   13 March 2025

   FMA issues warning to Evco Pacific Limited and its directors for breaching disclosure requirements

   FMA warns Evco Pacific and its directors for breaching disclosure laws in a $2.8M share offer, highlighting investor protection under the FMCA.
8. Media release

   28 February 2025

   FMA succeeds in continuous disclosure claims against CBL chief financial officer

   FMA wins case against CBL's ex-CFO Carden Mulholland for disclosure breaches—setting precedent on CFO liability under NZ financial law.
9. Media release

   17 February 2025

   Individual ordered to pay compensation and pecuniary penalty for making false or misleading representations

   Rangi Wyatt Stephen Savage Senior has been ordered to pay compensation of $126,214 to investors and a pecuniary penalty of $142,500 for breaching the Financial Markets Conduct Act 2013.
10. Media release

    21 January 2025

    FMA issues warning to former FMC auditor

    FMA has issued a public warning to Mr Allan Facey, a Sydney-based auditor, regarding his conduct as the Engagement Quality Control Reviewer (EQR) for the audit of Alliant Perpetual.
11. Media release

    23 December 2024

    Westpac admits to misleading representations that resulted in $6.35m in overcharges

    Westpac New Zealand Limited has admitted to misleading customers entitled to advertised discounts as well as overcharging some of its business customers.
12. Media release

    23 December 2024

    FMA seeks clarity from High Court on use of eligible investor certificates in wholesale investment sector

    The FMA has filed a case stated proceeding to seek the Court’s determination on legal issues about the use, confirmation, and acceptance, of eligible investor certificates in the wholesale investment sector.
13. Media release

    20 December 2024

    Individual pleads guilty to insider trading charges

    Kevin Young, a former accountant with Heartland Bank Limited, has pleaded guilty to insider trading charges brought against him by the FMA.
14. Media release

    20 December 2024

    FMA files civil proceedings against InvestNow for alleged AML/CFT breaches

    FMA has filed civil proceedings against InvestNow Saving and Investment Service Ltd, which trades as InvestNow, for alleged breaches of the Anti-Money Laundering and Countering of Terrorism Act 2009 (AML/CFT Act).
15. Media release

    18 December 2024

    FMA censures Pathfinder for misleading representations

    FMA censures Pathfinder for misleading KiwiSaver ethical claims on animal testing and fossil fuels, urging transparency in investment advertising.