Page last updated: 09 September 2024

Media releases – 2021

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FMA Orders Whimp to Disclose Warning

The FMA has ordered Mr Bernard Whimp and associated persons to include a warning from FMA at the beginning of any unsolicited offer they may make. Read more.

Warning: Think Before Signing Away 'Mum and Dad' Investor Rights

The Financial Markets Authority is warning investors against being classified as wholesale investors and losing retail 'mum and dad' investor rights and protections.

FMA Issues Whimp Warning

The Financial Markets Authority (FMA) has today issued a warning about unsolicited offers that may be made by Mr Bernard Whimp and entities associated with him.

Financial Markets Authority Aims to Restore Investor Confidence

Restoring investor confidence in New Zealand's financial markets is the major goal of the new Financial Markets Authority which was formally established today.

Disciplinary Committee Ready to Conduct Financial Adviser Disciplinary Proceedings

Departing Commissioner for Financial Advisers, David Mayhew, has completed his final statutory role as Chair of the Financial Advisers Disciplinary Committee chairing its first meeting, where the committee approved its rules and procedures for operation.

D-day for Financial Advisers

From 1 April, all financial advisers, or the companies they work for, have to be registered on the online Financial Service Providers Register, www.fspr.govt.nz. Advisers who should be on the register, but aren't risk hefty penalties.

Commission Releases Risk Assessment for Sector

The Securities Commission today released a risk assessment to help those it is responsible for supervising prepare to meet upcoming requirements of the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009.

Whimp Partnerships Injuncted at Securities Commission's Request

The High Court, on application from the Securities Commission, has granted interim injunctions to stop shares being transferred to limited partnerships associated with Mr Bernard Whimp. Read more.

Securities Commission Orders Whimp Partnerships to Correct 'Low Ball' Offers

The Securities Commission has made orders against limited partnerships associated with Mr Bernard Whimp. The orders follow misleading offers made by the limited partnerships to buy shares in a number of listed companies. Read more.

First QFEs Granted

The first Qualifying Financial Entities (QFEs) licences have been granted signalling the next step in the implementation of the new financial advisers regulatory regime.

Nathans' Director Pleads Guilty to Securities Commission Charges

John Hotchin, a former director of Nathans Finance NZ Limited (in receivership) ('Nathans') has pleaded guilty to three charges laid by the Securities Commission under section 58 of the Securities Act 1978. Read more.

Securities Commission and Nuplex Reach Settlement

The Securities Commission and Nuplex Industries Limited have reached a full and final settlement of the matters raised in the Commission's proceedings. Read more.

Commission Takes Action Against Insured Group

The Securities Commission has commenced civil proceedings against Insured Group Limited, formerly known as Lombard Group Limited, in relation to alleged breaches in 2007 and 2008 of the continuous disclosure provisions of the Securities Markets Act 1988. Read more.

New Conditions for Qualifying Financial Entities

The Securities Commission has published the standard conditions Qualifying Financial Entities (QFEs) will need to abide by when their employees and representatives give financial advice.

Review Highlights Need for Better Valuation Disclosure (Dec-2010)

Securities issuers need to include more information on how their financial assets and liabilities have been valued, says Securities Commission Chairman Jane Diplock.

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Media releases – 2021