The conduct of one of the traders employed at the firm breached the market manipulation prohibitions stated in the Securities Markets Act 1988.
Read moreThe Financial Markets Authority today started procedures for striking off the troubled FX broker from the list of Financial Service Providers (FSP).
Read moreThe decision follows the issue of asset preservation orders over the assets of the FX broker amid regulatory concerns the funds of clients could be at risk.
Read moreNew Zealand's financial regulator confirmed this morning it is concerned that investor funds might be at risk.
Read moreThe FX broker, which has been blacklisted in Russia already, is unable to meet its obligations and will soon be in the hands of liquidators.
Read more"New Zealand has taken a coherent approach, recognizing that regulation works when it’s implemented as a whole. It’s also a coordinated approach that’s designed to provide results without imposing substantial, unnecessary costs" - Rob Everett, CEO, New Zealand FMA
Read moreFormer Deloitte New Zealand chair Murray Jack has today been elected Chair of the New Zealand Financial Markets Authority
Read moreNew Zealand's FMA focuses on strengthening its regulatory prowess, stating that FX is a priority area for enforcement
Read moreForex Weekly Look Back - Week of September 8th Toonimo brings animations to the FX world in quest for client acquisition | https://www.leaprate.com/aAG24 LMAX Exchange named Britain’s fastest-growing tech firm | https://www.leaprate.com/HNyzy New Zealand steps up FX regulation with focus on product suitability for retail investors | https://www.leaprate.com/gKoc3 Revenue soars at SafeCharge in first half of year…
Read moreOnce a nation with very scant regulatory coverage of FX, New Zealand has begun consultation on new practices aimed at ensuring firms act in customers' best interests when dealing in retail FX and derivative products
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