Tag: FMA

FMA suspends AxiTrader's derivatives licence
August 01, 2019 BY Valentina Kirilova

FMA suspends AxiTrader's derivatives license

The New Zealand Financial Markets Authority (FMA) has informed the public that it has suspended the derivatives issuer license of AxiCorp Financial Services Pty Limited (trading as AxiTrader). The company has been making a regulated offer to retail clients in New Zealand without a compliant Product Disclosure Statement or Disclose register entry. AxiCorp has also…

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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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fma warning
November 30, 2018 BY Valentina Kirilova

FMA releases Wynyard Group Limited investigation report

The Financial Markets Authority (FMA) has released the findings of its investigation of potential disclosure breaches during the failure of Wynyard Group Limited. the complete text of the regulator's announcement reads as follows: The Financial Markets Authority (FMA) today published the findings of its investigation into Wynyard Group Limited’s (Wynyard) compliance with continuous disclosure and fair dealing…

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May 22, 2018 BY Valentina Kirilova

New Zealand FMA warns against Manaia and Partners

The Financial Markets Authority (FMA) has just issued a warning to a company called Manaia and Partners. Manaia and Partners Website: www.manaiapartners.com Address: Level 17, Wellington HP Tower, 171 Featherston Street, Lambton, Wellington Phone: +64 488 81340 Email: [email protected] Manaia and Partners is not a registered New Zealand Company and is not registered to provide…

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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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