Tag: Financial Markets Authority

Crypto “bot” trading hurting market reputation and individual investors
February 22, 2018 BY Valentina Kirilova

FMA opens applications for personalised robo-advice

The New Zealand's Financial Markets Authority (FMA) has announced that it is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice). Digital advice is automated financial advice generated by computer program using algorithms which is usually delivered through a website or a software…

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fma warning
October 11, 2017 BY Valentina Kirilova

New Zealand's FMA files insider trading charges

The Financial Markets Authority (FMA) announced that has filed criminal charges against an individual in the Auckland District Court alleging insider trading in contravention of the Securities Markets Act 1988. The charges relate to trading in shares of VMob Group Limited, which now trades as Plexure Group Limited (NZX: PLX). The individual was formerly engaged…

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fma warning
July 19, 2017 BY Valentina Kirilova

New Zealand's Financial Markets Authority confirms KiwiSaver fees

The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them with unnecessary costs and ensuring they have time to comply. KiwiSaver scheme providers must allocate fees charged…

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fma warning
June 14, 2017 BY Valentina Kirilova

Insider trader sentenced to 6 months: New Zealand's FMA

Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being an information insider advising and encouraging another person to trade, New Zealand's Financial Markets Authority…

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May 29, 2017 BY Valentina Kirilova

New Zealand FMA survey: Investor confidence bounces back

Major disruptions in world events over the last year have not dented New Zealanders’ confidence in financial markets The Financial Markets Authority (FMA) released its annual survey into the public’s attitude to financial markets. The survey shows that confidence has risen significantly to 65% among all respondents, from 56% in 2016. Investor confidence in the…

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