Search Results for: fma
FMA files civil proceedings against portfolio manager for alleged market manipulation
July 31st, 2015
The Financial Markets Authority (FMA) has issued civil proceedings in the High Court seeking pecuniary penalties against Mr Mark Warminger for trading carried out while employed by Milford Asset Management Limited (Milford). The trading occurred between December 2013 and ...
Stop Order issued from FMA agains an investment company
July 27th, 2015
The Financial Markets Authority (FMA) has issued a Stop Order against Green Gardens Finance Trust Limited (GGFT) and warns the public to be wary of doing business or depositing money with this company. The Stop Order is published here and prohibits ...
U.S. Labor Department fiduciary rule to cost brokers $5.8bln -SIFMA
July 21st, 2015
A proposal by the Department of Labor to rein in conflicts by brokers who offer retirement advice may cost U.S. securities firms more than $5.8 billion, making it harder for Americans to build nest eggs, the Securities Industry and ...
FMA settlement with Hanover defendants provides $18 million compensation for investors
July 6th, 2015
The Financial Markets Authority (FMA) has reached a settlement of its civil proceedings against the former directors of Hanover Finance Ltd (HFL), Hanover Capital Ltd (HCL), United Finance Ltd (UFL), together known as the Hanover finance companies, and the ...
Milford Asset Management to pay $1.5 million following FMA investigation
June 18th, 2015
The Financial Markets Authority (FMA) has completed its investigation into certain trading activity between December 2013 and August 2014 by a trader employed by Milford Asset Management Limited (Milford). The FMA considers that the trading conduct breached the market ...
Austrian Financial Market Authority (FMA) Warning: UK Options
June 11th, 2015
The FMA warns investors against the conclusion of investment services requiring a licence with this provider The Austrian Financial Market Authority (FMA) may, pursuant to the first sentence of Article 92 para. 11 of the 2007 Securities Supervision Act ...
FMA issues warning on continuous disclosure obligations and secures $500,000 compensation payment from Pacific Edge Limited
May 25th, 2015
The Financial Markets Authority (FMA) has concluded its investigation into Pacific Edge Limited regarding potential breaches of its continuous disclosure obligations. The FMA has concluded that it is likely Pacific Edge contravened NZX Main Board Listing Rule 10.1.1(a) and, ...
FMA secures Asset Preservation Orders over Arena Capital Limited / BlackfortFX
May 21st, 2015
The FMA confirms that it is undertaking an investigation into Arena Capital Limited (Arena), trading as BlackfortFX (Blackfort). The FMA has obtained asset preservation orders over the assets of Arena/Blackfort and associated persons, in light of concerns that investor ...
FMA removes offshore firms from the Financial Services Provider Register – warnings issued against companies who fail to respond
May 19th, 2015
The Financial Markets Authority (FMA) today confirmed that a number of offshore firms have recently been removed from the Financial Services Provider Register (FSPR). While the Registrar of Companies maintains the FSPR, the FMA has powers to direct the ...
Forex Trend’s director confirmed to FMA that plans to appoint liquidator
May 11th, 2015
One week ago, FMA, New Zeralands Financial Regulator announced that Forex Trend cannot meet its obligations to clients and will soon appoint liquidator. Many of its clients complained for not being able to withdraw their money. Today, the website ...
