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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.

Search Results

Found 79 results. Displaying page 3 of 6

  1. 20 October 2022

    Jasper NZ Investments Limited

    Formal warning issued to Jasper NZ Investments Limited following concerns about disclosures to investors.

  3. 20 October 2022

    Wolfbrook Capital Limited

    Formal warning issued to Wolfbrook Capital Limited following concerns about disclosures to investors.

  5. 19 October 2022

    InvestNow Saving and Investment Service Limited

    The FMA has issued a formal warning to InvestNow Saving and Investment Service Limited for failing to comply with the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.

  6. 30 September 2022

    AIA

    The Auckland High Court has ordered life insurer AIA to pay a pecuniary penalty of $700,000 for making false and/or misleading representations to some customers.

  7. 1 August 2022

    Kalkine

    FMA directed Kalkine New Zealand Limited to stop making outgoing sales calls to people in New Zealand following concerns about the entity’s misleading marketing conduct.

  8. 1 August 2022

    Alliant Perpetual

    FMA issued an infringement notice to Alliant for failing to file financial statements by their due date.

  10. 1 May 2022

    One Management

    FMA made a stop order against The One Management GP Limited regarding an offer in relation to The One Property LP.

  11. 1 May 2022

    CTRL Investments

    FMA censured CTRL Investments Limited for contravening the conditions of its derivatives issuer (DI) licence.

  12. 1 March 2022

    Simplicity

    FMA directed Simplicity NZ Limited to remove advertising materials that breached fair dealing provisions, and ensure future advertising is compliant.

  13. 13 December 2021

    Jarden Securities Limited

    Jarden Securities Limited was formally censured by the FMA for contraventions by OM Financial Limited as a licensed derivatives issuer.

  14. 13 December 2021

    Squirrel P2P Trustee Limited

    FMA formally warned Squirrel P2P Trustee Limited for failing to carry out certain obligations as a custodian. The entity provides a custodial service for the peer-to-peer lending service of Squirrel Money Limited.

  15. 1 December 2021

    Medical Kiwi Limited

    Medical Kiwi Limited, a medicinal cannabis company, was admitted to breaching the fair dealing provisions of the Financial Markets Conduct Act.