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Retail FX
News Nuggets | 28 March: FMA Flags CFDs Broker; AI in Portfolio Management
Also, CMC Markets, Binance, and CobaltFX.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 28/03/2023 | 06:53 GMT
by
Finance Magnates Staff
Executives
Binance's VP Joins New Zealand's FMA as Executive Director
Trinder worked for the most prominent financial institutions and organizations in the world.
After 11 months in Binance, he is moving to New Zealand to support FMA's strategic work.
Monday, 13/03/2023 | 09:41 GMT
by
Damian Chmiel
Retail FX
New Zealand’s FMA Reports 17% Increase in Investment Scams in 2022
FMA disclosed the rising number in its 2022 Annual Report for the year ended June 2022.
The regulator recently accused Tiger Brokers' local subsidiary of AML/CTF violations.
Tuesday, 24/01/2023 | 16:02 GMT
by
Solomon Oladipupo
Retail FX
FMA Takes Tiger Brokers to Court for AML/CFT Breaches
The enforcement action came after a formal warning in March 2020.
The regulator is seeking a pecuniary penalty of NZ$900,000.
Wednesday, 21/12/2022 | 07:30 GMT
by
Arnab Shome
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Retail FX
FMA Warns against Crypto Fraudsters and Impersonators
Bay Exchange was providing crypto services without proper authorization.
Krypto Security was trying to impersonate the FMA's officials and extort consumer funds.
Monday, 12/12/2022 | 09:24 GMT
by
Damian Chmiel
Retail FX
FMA Warns against Fraudster Impersonating the Regulator
Scammer tries tricking consumers and investors into pretending to be a regulatory clerk.
The FMA warned of impostors four times in October 2022.
Tuesday, 25/10/2022 | 08:58 GMT
by
Damian Chmiel
Retail FX
New Zealand Regulator Censures Western Union for License Breaches
The company failed to maintain net tangible asset requirements at certain times.
However, it maintained the ability to replenish the required NTA levels.
Tuesday, 19/07/2022 | 06:29 GMT
by
Arnab Shome
Regulation
New Zealand’s FMA Lifts License Suspension on AxiCorp (Axi)
The broker’s license was suspended in June 2019.
Thursday, 09/12/2021 | 08:07 GMT
by
Arnab Shome
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Regulation
Austria’s FMA Cancels Registration of Crypto ATM Provider BTM Services
Now, the company cannot provide crypto-fiat transactions
Monday, 29/11/2021 | 12:51 GMT
by
Arnab Shome
Regulation
Austria’s FMA Revokes Crypto License of ATIRA, Flags StormGain
Crypto firms in the country need to register themselves for local operations.
Thursday, 11/11/2021 | 12:41 GMT
by
Arnab Shome
Brokers
New Zealand FMA Censures Jarden Securities for DI License Breaches
The breaches were made by OML before Jarden bought the company.
Thursday, 14/10/2021 | 06:19 GMT
by
Arnab Shome
Regulation
New Zealand’s FMA Issues Guidance on Financial Product Ads
The rules focused on the accuracy of the claims of financial services firms.
Wednesday, 13/10/2021 | 08:47 GMT
by
Arnab Shome
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Brokers
New Zealand’s FMA Censures Firma NZ for Multiple Violations
“Firma’s breaches are highly concerning,” FMA Director of Supervision said.
Monday, 11/10/2021 | 07:04 GMT
by
Arnab Shome
Brokers
CLSA Premium NZ to Pay NZ$770K in Fine for AML Breaches
The broker and the regulator were fighting in court for months to settle for the penalty amount.
Monday, 13/09/2021 | 07:52 GMT
by
Arnab Shome
Thought Leaders
FMA Vanuatu Eyes Brighter Future for the Nation’s Financial Industry
The regulatory authority is empowering licensees operating in Vanuatu, promoting awareness and transparency.
Thursday, 14/01/2021 | 05:00 GMT
by
News
New Zealand Issues Cryptocurrency Warning
The Financial Markets Authority (FMA) warned citizens about high volatility and extreme risks in the cryptocurrency market.
Tuesday, 12/01/2021 | 13:11 GMT
by
Bilal Jafar
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Regulation
FMA Finds Significant Weaknesses in Derivative Issuers Client Assessments
The NZ regulator has published a report on its supervision activities taken place over the past 18 months.
Thursday, 24/09/2020 | 05:30 GMT
by
Celeste Skinner
Regulation
FMA Imposes Additional Conditions on CLSA Premium’s NZ Licence
CLSAP NZ can’t make an offer to or receive further funds from retail investors in relation to derivatives.
Tuesday, 22/09/2020 | 05:18 GMT
by
Celeste Skinner
Regulation
Pegasus Markets Found Guilty of Charges Brought by New Zealand’s FMA
The company and its NZ-based director, Michael Reps, have been found guilty of all criminal charges.
Friday, 11/09/2020 | 06:37 GMT
by
Celeste Skinner
Regulation
FMA Warns of Fraudsters Impersonating Regulator in COVID-19 Scam
Scammers are impersonating the regulator, trying to exploit people affected by COVID-19.
Tuesday, 08/09/2020 | 06:43 GMT
by
Celeste Skinner
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Executive Moves
NZ’s FMA Names Paul Gregory as Director of Investment Management
Gregory will take on the newly created role in early November.
Thursday, 27/08/2020 | 05:02 GMT
by
Celeste Skinner
Brokers
Exclusive: BlackBull Markets Secures Licence from New Zealand’s FMA
The multi-asset broker secured the licence on the 12th of August 2020.
Wednesday, 12/08/2020 | 04:45 GMT
by
Celeste Skinner
Regulation
FMA Calls Out Forex Insiders as Potential Scam
The company is not authorised to offer its services within New Zealand.
Monday, 13/07/2020 | 06:12 GMT
by
Celeste Skinner
Exchanges
FMA: NZX Met its Statutory Obligations as Market Operator in 2019
The regulator has identified areas of improvement for the exchange.
Tuesday, 30/06/2020 | 03:14 GMT
by
Celeste Skinner
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News
Austrian FMA Flags Four Unlicensed Financial Firms
The companies made it to the regulator’s long list of blacklisted firms.
Thursday, 25/06/2020 | 12:26 GMT
by
Arnab Shome
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