Financial Markets Authority Stories - Page 2

Kiwi Stories

Financial Markets Authority stories

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.

By Pattrick Smellie • 4 min read • Mon, 2nd Feb 2015

Risk & Compliance

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.

By Catherine Knowles • 3 min read • Mon, 2nd Feb 2015

Government

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.

By Pattrick Smellie • 2 min read • Thu, 18th Dec 2014

Government

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.

By Pattrick Smellie • 2 min read • Wed, 17th Dec 2014

NZX

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.

By Pattrick Smellie • 4 min read • Thu, 11th Dec 2014

PledgeMe

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.

By Pattrick Smellie • 3 min read • Wed, 19th Nov 2014

PledgeMe

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.

By Pattrick Smellie • 3 min read • Tue, 18th Nov 2014

Callaghan Innovation

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.

By Pattrick Smellie • 3 min read • Mon, 17th Nov 2014

Payment Technologies

'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.

By Pattrick Smellie • 3 min read • Wed, 12th Nov 2014

NZX

FMA clears Gentrack on prospectus, says offer risks could have been clearer

The Financial Markets Authority has cleared Gentrack Group's prospectus but said risks could have been made clearer after the utilities and airport.

By Pattrick Smellie • 3 min read • Mon, 10th Nov 2014

Trade Me

NZX adviser cuts $10k settlement over dodgy Trade Me deal

An NZX adviser will pay NZD $10,000 after exploiting a client to gain Trade Me shares during its IPO, violating trading rules and market watchdog sanctions.

By Pattrick Smellie • 3 min read • Sat, 8th Dec 2012

Crowdfunding

Crowdfunding comes under security spotlight

New Zealand's securities law is set to capture crowdfunding if it strays into the territory of offering returns.

By Pattrick Smellie • 2 min read • Wed, 3rd Oct 2012

Global Stories

Financial Markets Authority stories

Marketing Technologies

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.

By Pattrick Smellie • 3 min read • Fri, 19th Dec 2014

Financial Markets Authority

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.