Thousands of people using the internet to their support for embattled Timaru businessman Allan Hubbard.

Investment Savings and Insurance Association frontman Vance Arkinstall has resigned as he faces charges for his part in allegedly misleading investors in a failed finance firm.

The head of a major financial industry body facing criminal charges for his part in allegedly misleading investors in a failed finance company may lose his position.

Terry Butler says he and the five other directors of Dominion Finance Group and North South Finance will "strenuously" defend Securities Commission charges.

The chief executive of the Investment Savings and Insurance Association is one of six directors charged by the Securities Commission.

The Securities Commission has pressed charges against directors of Dominion Finance and North South Finance over allegedly misleading offer documents.

More than $2.2m has been transferred to Rod Petricevic's family trust from a Bridgecorp-related finance company of which he and his wife were the only directors.

Securities Commission member Simon Botherway has declared a potential conflict of interest in the Hubbard case.

Investors who felt misled by ANZ and ING over two funds have won a record payout of $45m in a Commerce Commission brokered, out-of-court settlement.

The Commerce Commission has reached a record $45 million settlement with ANZ over the promotion of ING's diversified yield and regular income funds.

The Commerce Commission has reached a record $45 million settlement with ANZ New Zealand over the promotion of ING's diversified yield and regular income funds.

Several entities run by veteran Timaru financier Allan Hubbard have been placed in statutory management over irregularities involving investments worth $134 million.

There have been so many twists in this storyline that it's difficult to remember who's who, what's what and, more importantly, why.

The Securities Commission says that many Finance Company investors are entitled to refunds on their investments.

The boss of the FMA must be a confident market regulator, says Stephen Franks.

The Securities Commission has appointed an inspector to probe the collapse of the country's second-largest finance company.