New Zealand’s FMA voices concerns regarding offshore investment firms (again) LeapRate

April 12, 2016 BY Maria Nikolova

New Zealand's FMA voices concerns regarding offshore investment firms (again)

New Zealand's Financial Markets Authority (FMA) keeps its battle against investment companies seeking to defraud local investors with promises of easy money and artificially high profits. In a special announcement out today, the New Zealand regulator alerts investors against dealing with firms whose services and products fall outside the perimeter of regulation. The FMA says…

February 25, 2016 BY Maria Nikolova

New Zealand removes 226 firms & individuals from FSP register in December, January

There is a new deregistration notice published on the website of New Zealand’s Financial Service Providers Register (FSPR) today, with the list including the names of businesses and individuals removed from the register in December 2015 and January 2016. A total of 226 firms and individuals got removed from the register in December and January,…

January 07, 2016 BY Maria Nikolova

New Zealand keeps removing financial firms from FSP register

Another deregistration notice was published on the website of New Zealand's Financial Service Providers Register (FSPR) earlier today, with the list including the names of businesses and individuals removed from the register in November last year. A total of 66 businesses and individuals were deregistered from the list, a much smaller number than the 155…

December 18, 2015 BY Maria Nikolova

NZ court upholds deregistration of Forex broker Excelsior Markets

A follow-up to LeapRate's earlier report about Forex broker Excelsior Markets, which in September this year addressed the court seeking it to overturn a decision by the New Zealand Financial Markets Authority (FMA) to deregister the company from the Financial Services Provider Register... The broker has suffered legal defeat, with media reports today saying that the High…

November 30, 2015 BY Maria Nikolova

New Zealand's authorities seek to tackle misuse of Financial Service Providers Register

It has been nearly two months since New Zealand's Financial Markets Authority (FMA) voiced its concerns over the growing number of complaints it receives over Forex companies that are registered in the Financial Service Providers Register (FSPR). It seems that the FMA was not the single regulatory body in New Zealand to be concerned over this…

November 26, 2015 BY Maria Nikolova

New Zealand deregisters 155 financial service providers in October 2015

A total of 155 individuals and companies were deregistered from New Zealand's Financial Service Providers Register (FSPR) in October 2015, in a move highlighting the strict reputation of local authorities. The number of individuals and businesses deregistered is way higher than the 119 entities that lost their registration in September this year. The deregistration is…

November 18, 2015 BY Maria Nikolova

New Zealand's FMA warns of unregistered Forex broker FXUM

New Zealand's Financial Markets Authority (FMA) has recently updated its list of Unregistered Businesses, with the latest addition to the list being Union Markets Limited, also known as FXUM. Via its website www.fxum.com, the company offers a variety of Forex services to English-speaking and Chinese-speaking clientele. The “Company Profile” section says that the broker has…

October 02, 2015 BY Maria Nikolova

Tag: New Zealand Forex regulation