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European Financial Watchdogs Warn against Three More Unlicensed Brokers
- The brokers involved this time are not accused of being a scam or running a fraud but the regulators treat them as such because they are not recognized by them or by any other official body that the regulators have a passporting agreement with.
Tuesday, 06/01/2015 | 15:49 GMT by
Avi Mizrahi
Breaking: Offshore New Zealand Brokers Exempted from NZ$ 1M Capital Requirement
- According to the New Zealand Financial Markets Authority, if brokers are not offering their services to New Zealand residents, there is no need to get licensed by the regulator, but only register on the FSPR.
Tuesday, 02/12/2014 | 17:04 GMT by
Victor Golovtchenko
Breaking: New Zealand FMA’s Phase Two Slated to Take Effect, Major Shift Coming?
- Phase two of New Zealand’s Financial Markets Authority (FMA) is poised to take effect December 1, ushering in a new era of capital markets and financial services laws that will revamp investor disclosure.
Friday, 28/11/2014 | 07:58 GMT by
Jeff Patterson
FMA Pushing Forward with Plans to Raise Regulatory Standards and Shed Soft-Touch Reputation
- As the FMA prepares to initiate Phase Two of its sweeping financial markets reform later this year, the touchy subject of regulatory arbitrage comes into focus once more.
Tuesday, 04/11/2014 | 10:46 GMT by
George Tchetvertakov
FMA Urges Jackpot-Seeking Retail Investors to Avoid 'Big Win' Scams
- The FMA implores investors to restrain their profit expectations and avoid falling for financial scams. But is it realistic to expect unprepared and unaware novice investors to avoid becoming fixated with profits?
Thursday, 23/10/2014 | 09:15 GMT by
George Tchetvertakov
Kiwi Investors Tend to Underestimate Risk But Are Broadly Risk Averse
- A recent FMA survey suggest Kiwi investors are well versed when it comes to simple investments, but when it comes to complex financial instruments, knowledge and understanding are often lacking.
Tuesday, 14/10/2014 | 06:58 GMT by
George Tchetvertakov
New Zealand FMA Initiates New Guidelines, Broker Exodus Ahead?
- New Zealand’s Financial Market Authority (FMA), has announced the launch of Phase One in its initiation of new regulations in the country. Among changes is the requirement of increased net capital for foreign FSPs.
Wednesday, 09/04/2014 | 11:52 GMT by
Ron Finberg
NZ Regulatory Body Launches Forex Probe as Scope of Allegations Widens
- The widening scope of a global forex investigation has now extended to New Zealand, as the country’s Commerce Commission has announced the launch of a probe into the manipulation of currency rates.
Monday, 31/03/2014 | 06:46 GMT by
Jeff Patterson
New Zealand Slated to Unveil Landmark Financial Reporting Act on April 1st
- New Zealand’s Financial Markets Authority has announced that the Financial Reporting Act, which will implement market-wide parity for financial reporting obligations in NZ, is poised take effect on April 1.
Friday, 14/03/2014 | 12:42 GMT by
Jeff Patterson
New Zealand Regulator Adds Extra Layer of Checks for Advisers Selling FX & Futures
- New Zealand's financial regulator has enhanced the licensing procedure for financial advisers promoting regulated financial instruments. Advisers will need to provide additional details to the regulators prior to gaining approval.
Friday, 31/01/2014 | 12:42 GMT by
Adil Siddiqui
Bona Fide or Bogus? New Zealand FX Broker Registration Minefield Explained
- New Zealand has become a very popular destination for FX brokers to establish operations with close proximity to important markets. Care is required, however, when selecting a consultancy to assist with establishment.
Thursday, 05/12/2013 | 15:31 GMT by
Andrew Saks McLeod
New Zealand's Financial Markets Authority Appoints New CEO, to Assume Role in February
- The crown entity under the two peak regulatory structure alongside the Reserve Bank of New Zealand, has announced that Rob Everett will assume the role of CEO in February as the FMA prepares for upcoming changes.
Friday, 29/11/2013 | 11:56 GMT by
Steven Hatzakis
Orchestrator Of New Zealand's Largest Ever Ponzi Scheme Sent To Jail For 10 Years
- David Ross, CEO of Ross Asset Management, has today been sentenced to 10 years and 10 months in jail for orchestrating the largest and highest value Ponzi scheme in the history of New Zealand, with $115 million lost.
Friday, 15/11/2013 | 08:58 GMT by
Andrew Saks McLeod
Lid Lifted On OakFX Boiler Room Following FMA Regulatory Warning
- Further to last week's warning issued by the New Zealand FMA urging investors to exercise extreme care when approached by OakFX, the forceful sales tactics and high pressure environment has been revealed.
Sunday, 08/09/2013 | 09:34 GMT by
Andrew Saks McLeod
Largest Ponzi Scheme In New Zealand's History Lands Perpetrator In Jail
- New Zealand fraudster David Ross was sentenced to jail on Thursday last week for orchestrating the largest Ponzi scheme ever to have occurred in New Zealand. The FMA cites a total of $380 million in fraudulent activity.
Monday, 02/09/2013 | 09:31 GMT by
Andrew Saks McLeod
Caveat Emptor! New Zealand FMA Warns About Attempt To Dupe Clients
- New Zealand's FMA has today issued a warning concerning what it considers to be unrealistic and misrepresenting claims regarding the potential attainable returns from investing in Phoenix Forex's Oak FX system.
Thursday, 29/08/2013 | 09:04 GMT by
Andrew Saks McLeod
New Zealand FMA Continues Senior Level Restructure - Sue Brown Elected To Position of Head Of Strategy, Innovation and Development
- As New Zealand's financial regulatory environment evolves, the FMA makes further appointments to its leadership team. Today, Sue Brown assumes her new role as Head of Strategy, Innovation and Development.
Sunday, 14/07/2013 | 12:49 GMT by
Andrew Saks McLeod
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