
Court: Sentence too harsh
The Supreme Court has agreed with Sir Doug Graham and three other Lombard Finance board members that their home detention sentences were too harsh.
The Supreme Court has agreed with Sir Doug Graham and three other Lombard Finance board members that their home detention sentences were too harsh.
The Financial Markets Authority won't wait until receivers have finished chasing funds from convicted finance company directors. when considering civil cases.
One of the first companies hoping to offer equity crowd funding says it already has 11 firms lined up wanting to raise money this year.
Stock exchange operator NZX says it will ramp up its efforts to help investors understand how it regulates the market this year.
Around a dozen companies have indicated interest in setting up crowd-funding as new rules come into force making it easier for businesses to raise capital.
A former chief executive of Bluechip and director Viaduct Capital Nick Wevers has died and criminal charges filed against him have now been withdrawn.
Three convicted Bridgecorp directors have reached an $18.9 million settlement with the failed finance company's receivers.
Rob Everett, a UK-based regulatory consultant and former investment banker, has been named chief executive of the Financial Markets Authority, replacing Sean Hughes.
Police asset freezing action against two jailed Capital + Merchant directors is unprecedented.
A High Court judge has made restraining orders over property linked to two jailed Capital + Merchant Finance directors, with the police looking to eventually seize the assets.
The man behind NZ's largest Ponzi scheme has been sentenced to 10 years and 10 months in jail - a punishment deemed too lenient by one of his victims.
NZ's market regulator has cancelled the allegedly misleading offer documents of a company that claimed it would use investor money to set up dialysis clinics.
US crowdfunding platform Kickstarter - which has helped raise more than $US800 million for creative projects - will be opening its doors to Kiwis in just over four weeks.
An Auckland restaurant with links to Phoenix Forex - a company that sold controversial currency trading software - has been put into liquidation owing almost $5 million.
Two of New Zealand's top watchdog jobs could end up being held by women.
Directors of failed finance companies are not off the hook yet and the Financial Markets Authority says it is likely to launch criminal proceedings.
An Auckland financial adviser accused of stealing $3 million of investors' money has been charged today.
An Auckland businessman who admitted running a business while bankrupt also has a senior role in a foreign exchange trading scheme the FMA has warned the public about.
David Ross had the outward appearance of a successful businessman - he lived in a $2.2 million home, owned expensive paintings, drove a Mercedes, and told clients he holidayed around the world.
Wellington financial adviser David Ross pleads guilty to charges relating to running a Ponzi scheme.