New Zealand's FMA adds Director of Capital Markets as well as Strategy & Risk offices, while beefing up its organizational structure.
Read moreThe Forex broker owes approximately NZ$7 million (US$4.68 million) to some 1,100 clients, whereas the current amount of funds recovered is 10 times smaller.
Read moreIn its Annual Report 2015, the regulator notes that its project to deregister companies from the Financial Service Providers Register is a vital step in addressing the high number of complaints about online Forex trading platforms.
Read moreThe broker claims to be regulated by the New Zealand Securities and Exchange Commission, a non-existent regulator.
Read moreThe Forex broker is arguing against an FMA-directed deregistration from the register of Financial Service Providers in May this year.
Read moreOne of the biggest challenges that New Zealand's financial markets watchdog faced in the year to June 30, 2015, was the misuse of the Financial Service Providers Register (FSPR) by offshore companies.
Read moreRepresentatives of the company are cold calling New Zealand residents to offer them investment services, including Forex trading, without having the necessary authorization.
Read moreThe company, which is mainly targeting Chinese clients, is falsely claiming to be a registered financial service provider in New Zealand.
Read moreMs Moffat will leave the New Zealand financial watchdog after three and a half years leading the FMA’s enforcement team.
Read moreThe company, which never actually traded in Forex, was stricken off from the list of New Zealand's Financial Service Providers today.
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