Banking and financeFinance firm expulsions drop dramaticallyThe number of firms kicked off the register of Financial Services Providers fell sharply as the power of the regulatory boot was tested in the courts.09 Feb 05:00 PM
BDBDBanking and financeIntueri shares plunge on Serious Fraud investigationThe Serious Fraud Office has confirmed it is investigating Intueri Education Group.29 Jan 03:35 AM
Banking and financeFraudster analyst denied bailBenjamin Anthony Kiro was convicted after pleading guilty to 23 charges at Auckland District Court this week.20 Jan 11:23 PM
Banking and financeFraudster analyst 'pulled the wool'Benjamin Anthony Kiro was a "big personality" who "pulled the wool" over people's eyes, says one man who gave him thousands of dollars to invest.19 Jan 08:10 PM
Banking and financeEx-FMA analyst's $350,000 swindleHe used Tinder to find victims and falsified his CV to get a job at Financial Markets Authority.18 Jan 09:00 PM
Banking and financeGold trading firm put into liquidationProsper Through Trading has been put into liquidation.18 Jan 03:03 AM
BDBDBanking and financeCourt upholds decision against Pakistani-owned firmThe High Court in Auckland has upheld the deregistration of Pakistani-owned foreign exchange firm Excelsior Markets.20 Dec 02:50 AM
Banking and financeNew forgery charges for ex-FMA man KiroAn ex-FMA analyst is facing a further nine charges, including for allegedly providing a forged job contract with Fonterra to rent an apartment.25 Nov 12:15 AM
Banking and financeKiwiSaver advice criticised in new FMA reportThe FMA has released a highly critical report on sales and advice practices for the financial services industry, including those selling KiwiSaver.16 Nov 09:00 PM
Banking and financeProperty developers stung by old loanTwo retired property developers are liable to the receivers of a failed finance company for $308,572 because of guarantees they gave on an eight-year-old loan.16 Nov 06:30 PM
Banking and financeLawyer pay prompts trial delay requestPaul Bublitz is seeking a delay of his theft trial so he can get money to pay for a lawyer.28 Oct 12:50 AM
OpinionBrent Sheather: Fees and AnomaliesBrent Sheather an Authorised Financial Adviser and a personal finance and investments writer talks fees and anomalies.27 Oct 11:30 PM
BDBDBanking and financeRegister undermines NZ's reputationNew Zealand's reputation as a responsible member of the world's financial community is undermined by holes in the financial services provider register.23 Oct 06:00 PM
Banking and financeInside story: Trading firm is investigatedPTT Group in the hands of court-appointed receivers.16 Oct 07:30 PM
Banking and financeCriminal history shocks clientMark Brewer has resurfaced in London with a new name but similar modus operandi.12 Oct 04:00 PM
BDBDSmall BusinessPeer lender to aim for SME marketThe Financial Markets Authority has licensed New Zealand's fourth peer-to-peer lender, Lending Crowd, which plans to offer small-to-medium sized enterprises business loans of up to $200,000.12 Oct 04:00 PM
Banking and financeTrader may have misled clients - receiverA gold and currency trading firm allegedly part of a "ponzi scheme" told customers profits were "large and instantaneous" in its sales pitch, receivers say.11 Oct 11:20 PM
BDBDBanking and financeFormer SPGI director Mark Turnock pleads guiltyMark Turnock, former company director of SPG Investment Company No 1 (SPGI), has pleaded guilty to a charge of false financial statements.09 Oct 12:45 AM
OpinionCrowdfunding scene fit to burstHow many equity crowdfunding platforms is too many equity crowdfunding platforms?08 Oct 04:00 PM
Banking and financeNew Kiwisaver education plan comingThe FMA is worried KiwiSavers don't know enough about where and how their billions are invested.05 Oct 10:10 PM
Banking and financePain was necessary to get it right: FMAA once-in-a-generation overhaul of capital markets regulation has been sometimes painful and the Financial Markets Authority has copped "pushback" from the industry, says its chief executive, Rob Everett.02 Oct 04:00 PM
Banking and financeForex firm appeals FMA deregistrationAn Auckland forex trading firm owned by a Pakistani national is challenging its deregistration by the FMA.29 Sep 12:30 AM
Banking and financeLuxury cars among assets frozen in FMA probeLuxury cars are among $1.6m of assets frozen as part of a probe into company Prosper Through Trading.20 Sep 09:15 PM
Banking and financeMoney man on forgery chargesA Financial Markets Authority analyst has been charged with forging an academic record to get his job and then stealing nearly $210,000. in a scheme.18 Sep 05:00 PM
BDBDBanking and financeFears for equity crowdfundingNew Zealand's nascent equity crowdfunding market may be heading for a shakeout as an eighth platform, Property Mogul, seeks regulatory clearance to start operations.09 Sep 05:00 PM
Banking and financePerpetual Trust suit back on trackPerpetual Trust, formerly owned by Pyne Gould Corporation, was C+M's trustee, tasked with protecting the interest of investors.06 Sep 05:00 PM
Banking and financeAssets frozen, couple seek more moneyA couple whose assets were frozen amidst a regulator's probe are allowed $1000 per week for their living expenses but want access to more.04 Sep 01:53 AM
Banking and financeHigh Court bid to keep Petricevic in jailThe Sensible Sentencing Trust says the early release of a fraudster sets a dangerous precedent on how white collar criminals are punished.03 Sep 01:25 AM
Banking and financeDisgraced boss to be releasedRod Petricevic is serving a 6 years and 10 months sentence for misleading investors and using company funds to buy a luxury boat.25 Aug 01:01 AM
Banking and financeScammed: Kiwis lose millionsA group of mostly Nelson investors face losing $2m after the collapse of a Colombian gold mining scheme.24 Aug 06:12 PM
BDBDBanking and financeFMA anticipates wave of appealsThe FMA is expecting a wave of appeals after deregistering 100 companies from the Financial Service Providers register, as it awaits a High Court ruling on Vivier & Co's appeal.24 Aug 05:00 PM
