Financial Markets Authority stories
The wild west of cryptocurrency fraud & How Kiwis are getting stung
Cryptopia went from launch to managing funds for 1.4 million investors to a significant data breach and its inevitable death - all in just five years.
Cryptocurrency conundrum: Reserve Bank & IR fumble in the dark
Whether it's cryptocurrency salaries or a central digital currency, no agency is quite sure how to tackle this upcoming payment trend.
Trans-Tasman fintech bond tightened with refreshed focus on innovation
Aus-NZ fintech collaboration boosts as ASIC and FMA fuel innovation drive.
Capital + Merchant trustee stoush back in court
Lawyers acting for Perpetual Trust and law firm Stace Hammond are seeking access to documents and communication covered by legal privilege in dispute.
FMA found nothing untoward in SkyCity share trading before casino statement
The Financial Markets Authority says it found nothing of concern in trading of SkyCity Entertainment Group shares ahead of a government announcement t.
'Unresponsive' Pyne Gould censured again by NZX Tribunal
Pyne Gould Corp, whose 2014 accounts are being looked into by the Financial Markets Authority, has been censured by the NZ Markets Disciplinary Tribun.
NZ Super Fund suspends Milford's mandate as FMA probe continues
The Guardians of New Zealand Superannuation, tasked with managing the New Zealand Superannuation Fund, has suspended its investment mandate with Milfo.
Update: Hotchin settles with Perpetual before appeal to draw into FMA case
Mark Hotchin, principal of failed finance company Hanover, has reached a confidential settlement with one of Hanover's trustees, Perpetual Trust, leav.
Hotchin drops Perpetual in appeal case
Mark Hotchin, principal of failed finance company Hanover, has abandoned his appeal against Perpetual Trust to include them in the Financial Markets A.
FMA lifts head count to 170 staff as it probes new areas
The New Zealand Financial Markets Authority has hired 170 staff and plans to invest in technology to fulfill its regulatory role.
FMA warns Wellington brokerage over late money laundering, counter terrorism audit
The Financial Markets Authority, the capital markets regulator, has issued a formal warning to MSL Capital Markets after the Wellington brokerage's la.
Market regulators NZX and FMA defend disclosure by companies involved in 1080 threat
Market regulators, the NZX and the Financial Markets Authority, say they're confident the approach they took to disclosure of the 1080 contamination t.
Pyne Gould posts first-half loss, writes down Perpetual receivable by $2.9 mln
Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adj.
FMA looking into Pyne Gould's accounts after company says most of 2014 profit wasn't received
Pyne Gould Corp's 2014 accounts are being looked into by the Financial Markets Authority after the asset management firm controlled by managing dir.
VMob hastens to squash rumours of insider trading
VMob Group has released a statement acknowledging the market speculation regarding certain VMob directors and insider trading.
Britannia takes down TV ads, working with FMA over UK pension ads
Britannia pauses TV ads and adjusts its website after FMA concerns over UK pension transfer campaigns causing undue pressure on consumers.
FMA warns against misleading UK pension scheme transfers advertising
The Financial Markets Authority is warning against misleading advertising about transferring UK pension scheme entitlements to New Zealand to avoid.
Crown Asset Management discontinues South Canterbury Finance claim
Crown Asset Management, the government entity set up to wind down the remaining assets of finance companies that called on the retail deposit guara.
FMA leaves civil claim against SCF to Crown Asset Management
The Financial Markets Authority won't chase South Canterbury Finance in a civil claim, saying it can't justify the cost of doing so and leaving it.
FMA to focus on 7 key market risks, including insurance mis-selling
The Financial Markets Authority has seen an increasing number of complaints regarding insurance sales and is undertaking more work to assess the s.
Vend boss Rowsell helps PledgeMe meet $100,000 crowd funding target
PledgeMe, the equity crowd funder, has raised $100,000 via its own equity crowd funding platform with help from Vend boss Vaughan Rowsell.
Armillary, Crowdcube granted crowd funding licence by FMA
The Financial Markets Authority has licensed Armillary Capital's equity crowd funding platform, Crowdcube, adding competition to the new capital ra.
CarbonScape locks down minimum $400,000 in crowdfunding
CarbonScape, the developers of a green alternative to coking coal used in steel making, has raised its minimum $400,000 target through online equit.
'NXT' year for NZX's new growth market
NXT, NZX's new growth focused market, is unlikely to launch this year, as companies wait for new legislation to come into effect and the quiet Chri.