New Zealand’s FMA Suspends EncoreFX Derivatives Issuer Licence The licence was suspended after its Canadian parent placed it into voluntary administration.
Cryptopia Users Win Court Battle for Their Locked Deposits The court classified crypto as “property.”
New Zealand’s FMA Flags Tiger Brokers for Weak AML Protections The regulator also flagged a further six entities for their AML practices.
NZX Proposes to Structurally Separate Regulatory Function The exchange is aiming to adopt a new regulatory operating and governance model.
Trade99 Has Hallmarks of Scam, New Zealand’s FMA Warns Trade99 is withholding client funds, the regulator warned.
SL Markets May Be Operating a Scam, New Zealand’s FMA Warns The entity claims to be authorized in the country, when, in fact, it is not.
New Zealand’s FMA Defends FXBTG De-Registration Appeal The High Court ruled in the regulator’s favor to de-register FXBTG from the FSPR.
New Zealand’s FMA Calls Out Two Suspected FX Scams Dang Kang International Group and Profitix and Enigma GRC Limited were the subjects of the warnings.
New Zealand’s FMA Labels JJ Lloyd as Potential Scam Hong Kong’s SFC and Austria’s FMA has also warned against the entity.
New Zealand’s FMA Suspends AxiCorp Derivatives Issuer Licence The New Zealand regulator said the licence was suspended due to “material breaches”.
NZ Ponzi Scheme Operator Sentenced to 6 Years’ Imprisonment Kelvin Clive Wood scammed more than $7 million from his clients.
NZ FX Broker Russell Maher Pleads Guilty to 47 Fraud Charges 52-year-old Maher provided foreign exchange services through Forex Brokers Limited.
New Zealand’s FMA Flags Suspected Clone Broker Fern Group NZ The regulator states the entity is not associated with the New Zealand registered company Fern Group NZ Limited.
NZ FMA Flags Suspected Scam King Capital Management The entity claims to be a full-service financial broker based in Indonesia.
NZ Forex Director Enters No Plea Against SFO Fraud Charges Russell Maher, the sole director of Forex Brokers Limited, entered no plea to fraud charges brought by the agency.
Cryptopia Owes At Least $2.7 Million to Its Creditors The exchange’s liability to its customers for their deposits is still unknown.
New Zealand’s FMA Charges Man of Conducting Forex Scam The man managed to solicit almost NZ$100,000 from consumers under the scheme, the FMA said.
Cryptopia Enters Liquidation, Shuts Trading Services The trouble for the crypto exchange started after a $16 million hack in mid-January.
Fullerton Markets Launches Mobile Trading App “PipProfit!” The launch of the app is the brokerage firm’s first step into the mobile app scene.