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Found 3728 results. Displaying page 107 of 249

1. 12 October 2023

   Vero to pay $3.9 million penalty for making false and misleading representations to customers about multi-policy discounts

   The Auckland High Court has ordered Vero to pay a penalty of $3.9 million for failing to apply multi-policy discounts to customers, following proceedings brought by the FMA.

   Tags

   Media release, Enforceable action, Enforceable undertaking, Powers, Financial Institutions, Business, News & Insights, Enforcement

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2. 12 October 2023

   Kiwibank to pay $812,500 penalty for making false and misleading representations to customers

   Kiwibank has been ordered to pay a $812,500 civil penalty at the High Court in Wellington for making false and/or misleading representations to some customers.

   Tags

   Media release, Enforceable undertaking, Financial Institutions, Powers, Business, News & Insights, Enforcement

   Type

   Page

3. 28 September 2023

   Market operators

   A financial product market is a facility where financial products are bought or sold, or where offers or invitations to buy or sell financial products are made. Find the compliance, licensing and registration obligations and NZX notices on this page.

   Tags

   Compliance, Roles, Obligations, Licensing & registration, Business, Market operator

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4. 2 November 2023

   CTRL Investments Limited issued infringement notice for late financial statements

   The FMA has issued an infringement notice to derivatives issuer CTRL Investments Limited (CTRL) for failing to file financial statements by the due date.

   Tags

   Media release, Derivative Issuer, Infringement notice, Enforceable undertaking, Roles, Powers, Business, News & Insights, Enforcement

   Type

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5. 12 October 2023

   Unregistered businesses

   The FMA publishes the names of unregistered businesses that have been reported as offering financial services to New Zealanders.

   Tags

   Investor warning, Consumer

   Type

   Page

6. 15 November 2023

   FMA opens consultation on fair outcomes for consumers and markets

   FMA has opened consultation on its approach to outcomes focused regulation, including the fair outcomes for consumers and markets it wants to see financial service providers focus on. The FMA welcomes feedback from all its stakeholders. 

   Tags

   Media release, Conduct, Business, News & Insights

   Type

   Page

7. 21 November 2023

   Indices Access Group – Suspected scam; unsolicited offer

   Indices Access Group has made unsolicited offer of shares to a New Zealand investor and subsequently withheld funds.

   Tags

   Suspected scam, Scams

   Type

   Page

8. 27 November 2023

   Medical Assurance Society to pay $2.1 million penalty for making false and misleading representations to customers

   Medical Assurance Society New Zealand Limited (MAS) has been ordered to pay a pecuniary penalty of $2.1 million for making false and/or misleading representations to some customers, following proceedings brought by the Financial Markets Authority (FMA).

   Tags

   Media release, Fair dealing, Judgment, Business, News & Insights, Enforcement

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9. 18 May 2018

   Anahera and Partners

   Anahera and Partners is not a registered New Zealand Company and is not registered to provide financial services in New Zealand.

   Tags

   Fake regulator, Suspected scam, Scams

   Type

   Page

10. 8 December 2023

    Accredited Body Report - CPA Australia

    CPA Australia Accredited Body Report contains the findings of our monitoring assessment of CPA Australia. Read more.

    Tags

    Auditors, Roles, Reports and Papers, Business, Accredited bodies, News & Insights

    Type

    Page, Report

11. 8 December 2023

    Accredited Body Report – New Zealand Institute of Chartered Accountants

    NZICA Accredited Body Report contains the findings of our monitoring assessment of the New Zealand Institute of Chartered Accountants (NZICA). Read more.

    Tags

    Auditors, Roles, Reports and Papers, Business, Accredited bodies, News & Insights

    Type

    Page, Report

12. 14 December 2023

    FMA censures Go Financial Solutions for breaching its licence obligations

    FMA has has censured Go Financial Solutions Limited for failing to comply with several obligations under its financial advice provider (FAP) licence.

    Tags

    Media release, Financial Advice Provider, Censure, Roles, Powers, Business, News & Insights, Enforcement

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13. 22 September 2023

    Finex Group – Suspected scam

    Finex Group offers financial products including forex and cryptocurrency trading, financial education, and advice to New Zealanders. It falsely claims it is a regulated entity, however, is not listed under the Financial Services Provider or New Zealand Companies registers.
    

    Tags

    Suspected scam, Investor warning, Consumer, Scams

    Type

    Page

14. 24 June 2022

    Financial Markets Conduct (Bonus Bonds) Exemption Notice 2022

    The Exemption gives relief to the manager from having to directly contact those scheme participants for whom the manager has not received completed payment instructions

    Tags

    Exemptions

    Type

    Page

15. 28 February 2024

    Tidal Financial Services – Imposter website

    Imposter website alert: tidalfs.com or TidalNZ.site is falsely using the details of the genuine New Zealand company Tidal Financial Services.

    Tags

    Imposter website, Suspected scam, Scams

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