The compensation scheme also published the full report about the first year of its activity as an approved scheme, with majority of complaints received coming from overseas, mainly from Russia and China.
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 annual report by New Zealand's Financial Dispute Resolution scheme shows that the bulk of complaints concern overseas Forex brokers and 82% of the total related to failure to reimburse investments.
Read moreThe new company, to which the clients of notorious FX broker Forex Trend will be transferred, is set to start working in October this year.
Read moreMs Moffat will leave the New Zealand financial watchdog after three and a half years leading the FMA’s enforcement team.
Read moreA New Zealand court has agreed with BlackfortFX's receivers from KordaMentha that the company should be liquidated.
Read moreReceivers from KordaMentha say Arena Capital/BlackfortFX is clearly insolvent and should be liquidated, in order for them to proceed with distribution of client funds.
Read moreAfter losing its registration in New Zealand and being blacklisted in Russia, the company is asking clients to submit applications to move their funds to Forex Trend 2.
Read moreDuring the 11 months to May 31, 2015, New Zealand's Financial Dispute Resolution (FDR) scheme got 248 complaints regarding Forex Trend, all of them – from Ukrainian residents.
Read more