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Page last updated: 11 August 2023

Enforcement Activity

In the event of a breach of financial markets legislation, we may intervene on an informal basis or at a low level where such action is proportionate to the misconduct and will achieve an appropriate market outcome. However, where appropriate, we will take strong action and hold individuals and entities accountable when they break the law and fail to meet the standards that are expected of them. If harm has been identified, we may also take regulatory action of some sort even though no ‘rules’ appear to have been broken.

Our enforcement activity can be viewed on this page.

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Found 81 results. Displaying page 1 of 6

    • Enforceable action

    4 April 2025

    IAG

    FMA has filed a civil proceeding against insurer IAG New Zealand Limited (IAG) for fair dealing breaches in relation to its insurance products. Read the background of the case on this page.

  2. 18 March 2025

    David McEwen

    The FMA has filed criminal charges against former financial adviser David McEwen, for failing to comply with an FMA stop order.

  3. 28 February 2025

    CBL

    The FMA filed two civil proceedings against CBL Corporation Limited and its directors following an investigation into the company’s collapse in 2018. The first proceeding involved breaches of the continuous disclosure provisions of the Financial Markets Conduct Act 2013 (FMCA). A related proceeding brought by the FMA alleges breaches by CBLC in regard to its Initial Public Offering in 2015. A six-week trial is set down for 13 April 2026 in the High Court in Auckland.

  4. 23 December 2024

    Westpac

    Westpac accepted that it may have contravened fair dealing provisions of the Financial Markets Conduct Act (FMCA) and/or possible breaches relating to consumer credit contracts under the Fair Trading Act (FTA).

  5. 10 October 2024

    ASB Bank

    The FMA has filed civil proceedings against ASB Bank Limited for allegedly making false or misleading representations.

  6. 7 October 2024

    AA Insurance Limited (AAI)

    AA Insurance New Zealand Limited (AAI) has been ordered to pay a penalty of $6.175 million for failing to apply multi-policy and membership discounts, as well as guaranteed no claims bonuses. View the case history on this page.

  8. 9 September 2024

    Rockfort Markets

    View the history of the case relating to the FMA cancelling the Rockfort Markets Derivative Issuer licence along with the Judgment issued by the Court of Appeal.

  9. 5 September 2024

    Integrity Advisers Insurance Limited

    The FMA has cancelled Integrity Advisers Insurance Limited’s (Integrity) Financial Advice Provider (FAP) licence for engaging in serious misconduct.

  10. 23 August 2024

    EC Markets previously known as CTRL

    The FMA has censured EC Markets Financial Limited (trading as EC Markets), previously known as CTRL Investments Limited for breaching the obligations of its Derivatives Issuer licence.

  11. 21 August 2024

    Du Val

    The FMA has warned Du Val Capital Partners Limited (DVCP), the general partner of the Du Val Mortgage Fund Limited Partnership (Du Val Mortgage Fund, MFLP, the Fund) and Du Val Group. See all enforcement activity relating to Du Val on this page

  13. 19 July 2024

    deVere

    The FMA has censured Auckland-based financial services firm deVere New Zealand Limited (deVere) for failing to comply with obligations under its Financial Advice Provider licence.

  14. 3 July 2024

    Vero

    FMA filed High Court proceedings against Vero Insurance New Zealand Limited for failing to apply multi-policy discounts, which led to affected customers being overcharged approximately $8.7 million in premiums.

  15. 2 July 2024

    Booster Investment Management Limited

    The FMA filed civil proceedings against Booster Investment Management Limited (BIML), a wholly owned subsidiary of Booster Financial Services Limited.