Tag: New Zealand

australia apac
December 07, 2019 BY Mariela Naydenova

New Zealand tightens control on Aussie banks - the reasons

New Zealand has a rather untypical financial industry structure: the country doesn't have its own banks, but it relies entirely on Australia's big four banks. As reported by Financial Review, the fact that the two countries share the same banks and the same "client" for exporting their commodities (China), if for some reason both economies…

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fma warning
September 13, 2019 BY Valentina Kirilova

New Zealand FMA adds Ashwood Holdings Limited to its warning list

New Zealand Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Ashwood Holdings Limited. According to the regulator, Ashwood Holding Limited and www.ashwoodholdingsltd.com could be involved in a scam which is associated with Grace Investment, Regal Investment, and Duke Valentines Limited. It is…

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fma warning
August 30, 2019 BY Valentina Kirilova

New Zealand FMA adds two more companies to its warning list

The Financial Markets Authority (FMA) has recently added two more names to its list of unregulated firms. The latest additions are the company Yifu International Futures Co Ltd and the website www.rncapitalalliance.com. According to the regulator, Yifu International Futures is not registered on the New Zealand Financial Service Providers (FSPR) register nor is it associated…

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August 26, 2019 BY Valentina Kirilova

ASX to work with Digital Asset and VMware on DLT initiatives in Australia and New Zealand

The Australian Securities Exchange (ASX) announced today that it has teamed up with distributed ledger technology (DLT) specialist Digital Asset (DA) and VMware. The exchange has signed a three-party memorandum of understanding (MoU) to work together with the other two companies on DLT initiatives in Australia and New Zealand. This will include the development of…

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bscs warning
August 15, 2019 BY Valentina Kirilova

New Zealand FMA warns against JJ Lloyd firm

The Financial Markets Authority (FMA) has recently added a new name to its list of unregulated firms. The latest addition is the company JJ Lloyd. According to the regulator, the firm may be involved in a scam and is not registered on the New Zealand Financial Service Providers Register. The Hong Kong and Austrian regulators…

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fma warning
July 23, 2019 BY Valentina Kirilova

FMA issues a Stop Order against Syndicated Trusts Limited

The New Zealand Financial Markets Authority (FMA) has informed the public that it has issued a Stop Order against Syndicated Trusts Limited (STL), ordering the company to stop advertising or accepting money for financial products. A Stop Order can be used by the regulator in order to stop particular behaviour or force a market participant…

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August 15, 2016 BY Valentina Kirilova

New Zealand's FMA warns registered financial adviser

The Financial Markets Authority (FMA) has warned an individual in relation to suspected misleading or deceptive conduct by a registered financial adviser. Following an investigation by the FMA, it concluded that the registered financial adviser had engaged in misleading or deceptive conduct when he: advised his clients of an alternative life cover plan with a…

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July 15, 2016 BY Valentina Kirilova

New Zealand’s Financial Markets Authority Discontinues Proceedings Against Archer and HIL

The Financial Markets Authority (FMA) has elected to discontinue the proceeding against equity firm Archer Capital (Pty) Limited (Archer) and Healthcare Industry Limited (HIL). The defendants, Archer and HIL, have accepted that the FMA was justified in investigating the conduct that is the subject of this claim. The FMA has concerns about market practice in…

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May 20, 2016 BY Mike Fox

New Zealand FMA orders Forex trading educator to change its "deceptive" marketing materials

The Financial Markets Authority (FMA) of New Zealand today has ordered a foreign exchange educator to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services. Cambrian Corporation Limited (Cambrian) offers training and advice services relating to intra-day foreign exchange trading.  In the…

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May 16, 2016 BY Mike Fox

New Zealand Forex and derivatives brokerage house OMF appoints new CEO

Auckland and Wellington, New Zealand based OM Financial Limited (OMF) today announced the immediate appointment of Matt Blackwell to the role of Chief Executive Officer and Managing Director. OMF, regulated by the Financial Markets Authority is a NZ owned and operated, full service brokerage firm with a strong and established reputation in the financial markets.…

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