
FMA chief executive Rob Everett to depart
Rob Everett has headed up the Financial Markets Authority for seven years.
Rob Everett has headed up the Financial Markets Authority for seven years.
"ANZ simply was not looking or looking adequately in the right places."
Adviser told clients to move their KiwiSaver to low risk funds amidst Covid uncertainty.
Pegasus Markets was earlier fined $200,000 for the breaches.
"It took time to chase rabbits down holes and identify what had gone wrong."
FMA CEO Rob Everett says the rise in investor activism looks here to stay.
NZ's financial watchdog started to crack down on misuse of the FSPR in 2017.
Rod Richard Makatea, Rodney Crichton and Rodney McCall are all the same man.
"I'm dealing with someone who is inherently dishonest," judge says.
Paul Bublitz stole $1.17m and then sought almost the same amount for his legal costs.
The CBL saga continues after the insurance company collapsed with a market value of $747m.
"The offences of which he has been convicted are not minor or technical," judge says.
Weaknesses were found in governance, conduct and culture and compliance controls.
Pegasus Markets Ltd also ignored a warning by the New Zealand Companies Office.
Allegations include failures to file financial statements in 2015, 2016 and 2017.
The woman's family needed cash after being "stranded in NZ" because of the pandemic.
The man faces charges of theft, obtaining by deception and false accounting.
First time complaint numbers have ever been revealed for the banks.
Investor confident didn't fall despite coronavirus outbreak causing market volatility.
The accused company provides financial services, including broking and derivatives.
The FMA said the fraudster obtained just under $100,000 from those he contacted.
Steven Robertson used stolen millions to fund a luxury, jet-setting lifestyle.
Will taking an insurance premium holiday cost you more later?
The FMA is clamping down on behaviour that preys on the Covid-19 crisis.
The Reserve Bank recognises the financier's failure is "distressing".
Kelvin Wood was once a highly successful financial investor but lost his clients millions.
Hopefully the 2020s is the decade New Zealand women finally achieve financial equality.
Arowana threatens legal action of its own
The FMA apologises for privacy breach.
Steven Robertson told one of his victims he was "as good as John Key".