Latest from Financial Markets Authority

Claims NZ bank manipulated govt bond sale, costing taxpayer $33m

The complaint centred on the pricing of govt bonds issued in August 2022.

Booster disputes allegation it used funds wrongly for related wine investment

The market watchdog alleges 'serious' breaches but Booster says it disputes the claims.

Watchdog sends $300k scam victim's details to wrong email in privacy blunder

'What a bunch of idiots... How am I supposed to have any trust in the system?'

CBL civil proceeding adjourned until 2026

Ex CEO Peter Harris made a joint application to the High Court to adjourn IPO proceeding.

How to improve diversity in NZ's financial services ecosystem - Jim McElwain

OPINION: Progress has been made but the journey is far from complete.

Kiwibank manager helped customer send $300k to scammers months after FMA warning

“I’m on anti-anxiety medication. I can’t work. What have I got to look forward to?"

Southern Cross insurance arms issued warning after overcharging premiums

The failure to properly apply discounts took place over a prolonged period.

Former CBL boss Peter Harris admits continuous disclosure breaches, misleading conduct

Another chapter in the long-running saga between CBL and market watchdog.

Medical Assurance Society slapped with $2.1m fine

The society made false and/or misleading representations to some customers.

Scamfest as retailers hope Black Friday and Cyber Monday pay off

Two big events made in the US, and one made in China, aim to ignite retail fortunes.

'Very bad taste' - Anti-scam video featuring comedian Tom Sainsbury pulled by watchdog

Fraud victims criticise 'disrespectful and insensitive' awareness campaign.

Financial watchdog issues interim stop order on David McEwen

The FMA is concerned about a risk of investor harm.

Pushpay insider case results in six-month community detention

The individual was found guilty by a jury in August.

Former mortgage broker pleads guilty to dishonesty offences

Mortgage broker obtained home loans through false documents.

Vero must pay $3.9m for ‘false and misleading’ statements to customers

Judge imposes nearly $4m penalty on insurer.

How to guard against "greenwashing"

Kiwis want to invest ethically - but most find it too hard.