Search Results for: fma
FMA welcomes opportunity to review financial advice laws
March 3rd, 2015
The Financial Markets Authority (FMA) welcomes today’s announcement by the Minister of Commerce and Consumer Affairs, Paul Goldsmith, about the review of legislation governing financial advisers. The Minister today released the terms of reference for the review of the ...
FMA issued a warning about a company
March 2nd, 2015
FMA has issued a press release warning people to: Beware of a company trading as Eco Investments Group offering a risk-free, high-return investment programme. The company trades as Eco Investments Group and the FMA warns anyone dealing with them ...
FMA warns public to be wary of misleading advertising promoting “risk-free, money-back investments”
February 27th, 2015
The Financial Markets Authority (FMA) is warning people to beware of a company offering a risk-free, high-return investment programme. The company trades as Eco Investments Group and the FMA warns anyone dealing with them to exercise extreme caution before obtaining any ...
FMA and NZX sign Memorandum of Understanding
January 28th, 2015
The Financial Markets Authority (FMA) and NZX have this week signed a Memorandum of Understanding (MoU). The MoU sets out the framework for engagement and co-operation between the FMA and NZX, taking into account their complementary regulatory responsibilities for ...
FMA: New regulations approved to deliver a new era in financial markets
November 5th, 2014
The Financial Markets Authority (FMA) welcomes today’s announcement from Commerce and Consumer Affairs Minister Paul Goldsmith, confirming the approval of the phase two regulations of the Financial Markets Conduct Act. The regulations come into effect on 1 December 2014. ...
FMA warns consumers about cold-calling investment offers and ‘big win’ scams
October 23rd, 2014
The Financial Markets Authority (FMA) is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms. The FMA is receiving an increasing number of complaints about ...
FMA: New Zealanders underestimate investment risk and prefer lower risk investment options
October 15th, 2014
Research conducted for the Financial Markets Authority (FMA) shows Kiwis are switched-on about straightforward, low-risk investment options. But when responding to questions about investments with more risk, people are far less confident. The FMA ran the survey as part ...
FMA issues warning about General Equity
September 30th, 2014
The Financial Markets Authority (FMA) has issued a warning about General Equity (previously named General Equity Building Society), a New Zealand registered building society. The warning recommends that the public exercises extreme caution when dealing with General Equity. FMA ...
FMA files civil proceedings against trustee
August 20th, 2014
The Financial Markets Authority (FMA) has filed civil proceedings against Prince and Partners Trustee Company Limited (Prince). Prince was the trustee for finance company Viaduct Capital Limited (Viaduct). Viaduct collapsed in 2009. FMA alleges that Prince breached the obligations ...
FMA fined trader with $130,000
August 7th, 2014
The Financial Markets Authority (FMA) announced that trader Brian Peter Henry was fined by the regulator with the amount of $130,000 after he admitted the allegations he was charged. Brian Peter Henry has admitted all of the Financial Markets Authority’s ...
