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Found 3698 results. Displaying page 120 of 247

  1. 6 August 2019

    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).
    Tags
    Fair dealing, Enforceable Undertaking, Business, Enforcement
    Type
    Page

  2. 29 August 2021

    Sharesies Limited and Sharesies Nominee Limited

    The FMA has issued a formal warning to Sharesies for purposes of section 80 of Anti-Money Laundering and Countering
    Financing of Terrorism Act 2009
    We have reasonable grounds to believe that Sharesies have engaged in conduct that constitutes a civil liability act under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
    Tags
    AML/CFT, Roles, Formal warning, Powers, Business, Enforcement
    Type
    Page

  3. 25 February 2019

    Robert Ian South and Murray Byron Provan

    Two men, Robert Ian South and Murray Byron Provan, face various charges under the Crimes Act. Read more.
    Tags
    Court – criminal, Powers, Enforcement
    Type
    Page

  4. 20 May 2016

    Cambrian Corporation Limited

    The FMA has ordered a foreign exchange educator Cambrian to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services.
    Tags
    Enforcement
    Type
    Page

  5. 12 March 2014

    Bridgecorp and Bridgecorp Investments (BIL)

    FMA alleged that the directors( Rodney Petricevic, Robert Roest, Bruce Davidson, Gary Urwin and Peter Steigrad) made untrue statements in the investment statements and registered prospectuses, prospectus extension certificates of Bridgecorp and BIL. They also made other false or misleading statements in Bridgecorp and BIL documents. Read more.
    Tags
    Enforcement
    Type
    Page

  6. 18 December 2012

    Credit SaILS

    FMA and the Commerce Commission have inquired into alleged contraventions of New Zealand law by some of the Companies in relation to the marketing, promotion and sale of an investment product called Credit Saleable Index Linked Securities (Credit SalLS). Read more.
    Tags
    Enforcement
    Type
    Page

  7. 5 June 2020

    ANZ Bank New Zealand Limited

    Details of three cases taken by the FMA against ANZ including false and misleading representations over credit card insurance charges alleged contraventions of the Fair Trading Act 1986 by ANZ in relation to the marketing, promotion and sale of interest rate swaps to rural customers from 2005 to 2009 and ANZ Bank New Zealand Ltd challenge of FMA's decision to disclose to third parties, documents the FMA has obtained from ANZ through the exercise of its statutory powers.
    Tags
    Enforceable action, Court – civil, Misleading statement, Powers, Enforcement
    Type
    Page

  8. 11 May 2021

    PTT Limited, Steven Robertson and related parties

    Four companies were placed in liquidation over breach of financial markets legislation and case filed under Crimes act against Steven Robertson with the trial due in May 2019.
    Tags
    Court – criminal, Powers, Enforcement
    Type
    Page

  9. 10 September 2012

    Perpetual Trust Limited

    The FMA's inquiries focused on loans made by the Perpetual Cash Management Fund to Torchlight Fund No. 1 LP and the implications for the investors in the Fund and the Perpetual Mortgage Fund. Read more.
    Tags
    Enforcement
    Type
    Page

  10. 3 March 2021

    Pegasus Markets Limited and Director Michael Reps

    The FMA alleges Pegasus Markets Limited continued to hold out on two different websites that it was registered on the FSPR after it had been deregistered and despite subsequent warnings from Companies Office.
    Tags
    Court – criminal, Powers, FSPR abuse, Enforcement
    Type
    Page

  11. 9 April 2019

    Mark Stephen Talbot

    Mr Talbot has offered this enforceable undertaking following an investigation made by the FMA into his trading of shares in VMob Group Limited (VMob). Read more.
    Tags
    Court – criminal, Powers, Enforcement
    Type
    Page

  12. 12 December 2017

    Hanover Finance, Hanover Capital & United Finance

    These proceedings were issued under sections 55B, 55C, 55G and related sections of the Securities Act 1978. FMA has applied for compensation, declarations of civil liability, civil pecuniary penalties against each of the five directors and promoters - Mark Hotchin, Gregory Muir, Sir Tipene O'Regan, Bruce Gordon, Eric Watson and Dennis Broit. Read more.
    Tags
    Court – civil, Powers, Enforcement
    Type
    Page

  13. 6 July 2018

    Garry James Patterson

    The FMA has filed charges against Garry James Patterson alleging he was or was holding out as being, in the business of providing financial services in contravention of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (FSP Act). Read more.
    Tags
    Enforcement
    Type
    Page

  14. 3 November 2020

    Fund Managers Otago (FMO)

    The FMA cancelled the FMO’s MIS licence after finding its inadequate compliance and governance arrangements had resulted in continued material breaches of its licence obligations.
    Tags
    Licence cancellation,  Licence contraventions, Powers, Enforcement
    Type
    Page

  15. 20 January 2023

    MIS Sector Risk Assessment 2023

    Findings from the FMA’s assessment of the sector risks and the underlying key risk factors for Managed Investment Schemes (MIS), January 2023
    Tags
    KiwiSaver providers, Roles, Business, Managed investment schemes, Supervisor
    Type
    PDF