Simon Power's decision to put Allan Hubbard in a commercial straitjacket leaves the Government "tailend Charlie" for the $2 million plus the Timaru financier's legal boys have chalked up.

Nuplex Industries will pay $3m to shareholders as part of a settlement with the Securities Commission after failing to disclose it breached a debt covenant in 2008.

Shareholders Association busybodies?

The government must restrict access to share registers and require offers to stay open for a reasonable length of time to protect unsophisticated investors from low ball offers, says Chapman Tripp partner Roger Wallis.

Vector shareholders who sold into a controversial 'low-ball' share offer have been told they can back out of the deal.

Simon Allen, former managing director of ABN Amro New Zealand, has been appointed chairman of the Financial Markets Authority.

Mark Hotchin had already arranged for a removal company to pick up household items before a court order froze his NZ assets.

Burned Hanover Finance investor George Craddock will be working on Christmas Day - a decision the 58-year-old says he has no control over.

Former Hanover Finance boss Mark Hotchin wants a $7000-a-week allowance to maintain his lifestyle on the Gold Coast. The Securities Commission gave the Hanover co-founder a $1000-a-week allowance after freezing his NZ assets.

Mark Hotchin is living a life few Kiwis could dream of, despite a court order freezing his NZ assets.

Jetsetting businessman Eric Watson, the co-founder of failed Hanover Finance, is in the sights of the Securities Commission and a lawyer representing desperate investors after the assets of co-founder Mark Hotchin were frozen this week.

Interests closely associated with Mark Hotchin still control an opulent $9.8m Waiheke Island beachhead.

The High Court has ordered all the New Zealand assets of former Hanover director Mark Hotchin be frozen, after an application by the Securities Commission.