Banking and financeC+M civil action dropped by FMAThe parked civil action against convicted directors of Capital+Merchant Finance has been dropped.28 Jul 04:01 AM
Banking and financeLiquidators go after 'fictitious' profitA bust company that owes clients $7 million has been put into liquidation, with allegedly "fictitious" profits paid out by the Christchurch firm being targeted for possible clawback.27 Jul 05:00 PM
Banking and financeFMA issues landmark stop orderThe Financial Markets Authority has issued a stop order for the first time, prohibiting offering or issuing debt securities.27 Jul 04:20 AM
Banking and financeLuigi Wewege back on FSPR registerA firm directed by Luigi Wewege is back on the Financial Service Providers Register while it appeals being kicked off.26 Jul 11:19 PM
Banking and financeFMA quiet on cost of Milford caseNew Zealand's financial regulator is refusing to reveal exactly what it spent investigating Milford Asset Management.21 Jul 05:00 PM
Banking and financeAuthorised financial advisers sail throughAll 74 authorised financial advisers and all who applied for a licence in the past year received a regulatory rubber stamp.13 Jul 05:00 PM
Banking and financeFeature read - Hanover: Case closed5500 Hanover investors are finally going to get back some of their money. What they won't get is their day in court. Hamish Fletcher reports.09 Jul 05:00 PM
BDBDBanking and financeNZX 'strongly opposes' Unlisted exemptionNZX says a lack of basic shareholder protections could tarnish the reputation of the country's capital markets.08 Jul 03:06 AM
Banking and financeHanover accord leaves Guardian Trust role unclearAs investors digest the implications of FMA's Hanover deal, it is still unclear if Guardian Trust will have to pay any of the $18m settlement amount.07 Jul 03:00 AM
Banking and financeHanover accord offers little closureThe FMA's $18 million Hanover settlement leaves the public none the wiser on whether the six defendants breached disclosure obligations or not.06 Jul 05:00 PM
Banking and financeMilford Asset loses wholesale clientsMilford Asset Management has lost five wholesale clients, including financial services provider Mercer, since its $1.5 million settlement with the FMA last month.06 Jul 05:00 PM
Banking and financeHanover settlement some comfort - PMThe $18m settlement between Hanover Finance's directors and promoters and the Financial Markets Authority should be of some comfort to investors, says John Key06 Jul 05:53 AM
Banking and financeMilford loses clients following FMA settlementMilford Asset Management has lost five wholesale clients since its $1.5 million settlement with the Financial Markets Authority last month.06 Jul 04:21 AM
Banking and financeFMA wouldn't have won at trial: HotchinHanover directors take a shot at the Financial Markets Authority as an $18 million settlement is reached with the regulator.06 Jul 01:07 AM
BDBDBanking and financeThe $18m Hanover dealCivil claim against directors and promoters of failed finance company settled just two weeks before court date.05 Jul 10:15 PM
Banking and financeMarket watchdog shows it's ready to biteFinancial Markets Authority chief executive Rob Everett says the settlement with Milford Asset Management over market manipulation issues has been an uncomfortable wake-up call.05 Jul 05:00 PM
OpinionFMA boss favours civil actionHamish Fletcher says he FMA, after some law changes, now has the tools that allow it to proactively stamp out misleading conduct in the market.05 Jul 05:00 PM
Banking and financeLuigi Wewege's firm deregisteredA firm directed by Luigi Wewege, one of the central protagonists in the Len Brown infidelity scandal, has been kicked off the Financial Service Providers Register.01 Jul 06:14 AM
CrimeMore Ross investors could face claimsAn investor in the David Ross ponzi scheme - who has been named for the first time - has been ordered to pay back $454,000 of fictitious profits in a clawback test case.23 Jun 01:50 AM
BDBDBanking and financeASB does deal with FMA over sales practicesThe way ASB sells its term funds and interest rate swaps will be independently reviewed after the bank reached a settlement with the Financial Markets Authority.22 Jun 12:10 AM
BDBDBanking and financeWarminger dropped from prospectusMilford has dropped portfolio manager Mark Warminger from its investment team and Brian Gaynor is its new NZ equity head.18 Jun 11:45 PM
Banking and financeMilford board took eye off ballQuestion marks remain over whether Milford Asset Management will reclaim its $281 million active equities mandate with the New Zealand Superannuation Fund.18 Jun 05:00 PM
Banking and financeMilford worker on leave after $1.5m dealThe Milford Asset worker who allegedly carried out manipulative trading activities has gone on extended leave, effective today.17 Jun 11:00 PM
Banking and financeFMA says Milford probe in 'final stages'The FMA says it's reached the final stages of its investigation into alleged market manipulation at Milford Asset Management.11 Jun 12:15 AM
Banking and financeNorth South investors get better dealNorth South Finance investors will get a better deal in the $10.24 million settlement with its board and the directors of Dominion Finance.09 Jun 02:20 AM
Banking and financeLaw firm says watchdog means businessThe FMA lifted its enforcement action in May, showing it is "increasingly prepared to flex its regulatory muscles", according to one of the country's biggest law firms.08 Jun 05:00 PM
Banking and financeDominion Finance investors get $10m payoutDominion Finance and investors will share a $10m payout after receivers and the FMA settled claims.08 Jun 03:52 AM
CrimeRoss investor fights for secrecyThe Court of Appeal has reserved its decision in the case of an investor in the Ross Asset Ponzi scheme, who wants to keep his name a secret.03 Jun 12:50 AM
CrimeRoss investor tries to keep name secretAn investor who got nearly $1m from David Ross' Ponzi scheme is fighting to keep name secrecy.02 Jun 07:45 PM
OpinionStock Takes: Refinery shares get snapped upCould Chevron New Zealand's offloading of its NZ Refining shares be a sign of things to come?28 May 05:00 PM
BDBDBanking and financeFMA probes Christchurch forex firmThe Financial Markets Authority is investigating Arena Capital, concerned investor funds may be at risk.21 May 06:00 AM
CrimeMoves to halt rogue advisersThe FMA is moving to stop rogue financial services providers from abusing New Zealand registration.18 May 05:00 PM
BDBDBanking and financeUnlisted wants support in face of NZX oppositionShare trading platform Unlisted is applying for an exemption from the Financial Markets Authority.14 May 03:09 AM
