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Regulation

This New Zealand Broker Loses License after 5 Years Battling the Regulator

  • Rockfort Markets has been stripped of its derivative issuer license.
  • High Court upholds FMA decision citing multiple material contraventions.
Monday, 09/09/2024 | 07:39 GMT by Damian Chmiel
Retail FX

New Zealand’s FMA Proposes CFDs Leverage Restriction To Up to 30:1

  • The regulator also seeks to strengthen the suitability assessment of retail investors to trade derivatives.
  • The consultation paper will accept feedback until 7 August 2024.
Tuesday, 11/06/2024 | 06:25 GMT by Arnab Shome
Retail FX

Fake Celebrity Ads for Crypto and FX Trading Scams Catch Kiwi Regulator’s Attention

  • Scammers are running sophisticated fake celebrity endorsements to promote fraudulent schemes.
  • A neighbouring Aussie regulator has also issued a similar warning recently.
Monday, 13/05/2024 | 06:36 GMT by Arnab Shome
Retail FX

7% Daily Profit? Regulator Warns of Potential Scam

  • The Financial Markets Authority (FMA) of New Zealand warns investors about Equity Budget.
  • The company lacks proper registration and regulation, raising red flags for investors.
Wednesday, 01/05/2024 | 07:59 GMT by Damian Chmiel
Executive Moves

After 12 Years at Bank of New Zealand, Financial Expert Joins FMA

  • The regulator has appointed financial services law expert Louise Unger as Executive Director.
  • She will focus on the Response and Enforcement division in her new role.
Thursday, 18/04/2024 | 07:01 GMT by Damian Chmiel
Regulation

FMA Cracks Down on These Two Companies amid Fraud Concerns in New Zealand

  • The local market watchdog canceled Equitise's crowdfunding license granted ten years ago.
  • In addition, it warned against the cryptocurrency trading provider AxonExchange.
Wednesday, 17/04/2024 | 07:12 GMT by Damian Chmiel
Retail FX

FMA Warns against Crypto Exchange Clone and Unlicensed Firm in Latest Alert

  • New Zealand's regulator added fake BTCSWE and Grandeur Capital Pro to warning list.
  • Despite NZ's lower overall number of scams, impersonators are a growing problem.
Wednesday, 27/03/2024 | 08:01 GMT by Damian Chmiel
Retail FX

New Zealand's Fraud Victims Tricked by the Fake UK's FCA Financial Emails

  • FMA cautions against fraudsters impersonating the UK's FCA.
  • They offer alleged assistance in recovering funds lost in previous scams.
Tuesday, 30/01/2024 | 08:50 GMT by Damian Chmiel
Retail FX

Alert: NZ FMA Adds Five Fraudulent Firms to Caution List

  • FMA is one of the most active regulators in the financial markets.
  • Despite the high level of warnings, the number of scams in NZ is reportedly decreasing.
Wednesday, 13/12/2023 | 09:56 GMT by Damian Chmiel
Retail FX

Financial Scams on the Decline in New Zealand, FMA Finds

  • The market watchdog reported a decrease in financial scams in New Zealand since mid-2022.
  • However, there was a rise in imposter websites and fake regulators.
Tuesday, 05/12/2023 | 12:03 GMT by Damian Chmiel
Retail FX

News Nuggets | 30 November: ASIC Revokes AFS License; FCA Fines Three Money Transfer Firms

  • Also, FMA and FMSB collaborated; TradingView and Santander Financial started partnerships.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 30/11/2023 | 10:34 GMT by Damian Chmiel
Retail FX

News Nuggets | 29 November: Tiger Brokers Offers US Bonds; Nomura Retail Division Rebrands

  • Also, Eurex collaborates with TradingView; Cathedra Bitcoin reports Q3 2023 results.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 29/11/2023 | 11:00 GMT by Damian Chmiel
Retail FX

News Nuggets | 28 November: Ledger Partners with YouHodler; KX Launches AI Server

  • Also, FCA warned against two clone firms; Mastercard and Warply teamed up in MENA.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 28/11/2023 | 11:42 GMT by Damian Chmiel
Retail FX

News Nuggets | 20 November: FMA and Consob New Warnings; LSEG Appoints New CFO

  • Also, The Trading Pit appoints the new Head of Dealing; Astra Financial and WeLab launch Bank Saqu.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 20/11/2023 | 12:04 GMT by Damian Chmiel
Retail FX

News Nuggets | 9 November: Broadridge Expands Globally; DoJ Indicts Wall Street Trader

  • Also, FMA enforcers interim stop order; Parsonex settles with FINRA; SIMCrop merges with Axioma.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 09/11/2023 | 11:56 GMT by Damian Chmiel
Retail FX

News Nuggets | 30 October: HSBC's $3B Share Buyback; Railsr $24M Funding Round

  • Also, Laser Digital and Nomura debuted in The Sandbox metaverse; MAS partnered for digital assets innovation.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 30/10/2023 | 10:37 GMT by Finance Magnates Staff
Retail FX

News Nuggets | 25 October: DCG Earnings Surge with BTC; FMA Alerts on Social Ads

  • Also, SEC charges BlackRock; Temenos reports strong Q3 perfromance.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 25/10/2023 | 09:26 GMT by Finance Magnates Staff
Retail FX

CySEC Imposters in New Zealand? FMA Issues Warning

  • FMA warns New Zealanders against any communication from CySEC imposters.
  • It also flagged six fake CySEC websites and one email address.
Wednesday, 18/10/2023 | 10:38 GMT by Arnab Shome
Retail FX

News Nuggets | 21 September: Bitget Wallet Expands Offering; FMA Warns against IM Academy

  • Also, Tether backs AI chip purchase; Alpha Group professes to LSE main market and Cornerstone sells non-trading subsidiary.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 21/09/2023 | 10:00 GMT by Finance Magnates Staff
Retail FX

News Nuggets | 18 September: OctaFX Adds Share Trading; XTB Unveils Brand Campaign

  • Also, the FMA issues a warning against clone firm; Broadridge offers new swift services.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 18/09/2023 | 08:51 GMT by Finance Magnates Staff
CryptoCurrency

Dasset Crypto Exchange Crumbles: The Ripple Effects of Regulatory Pressure

  • Customers have been unable to withdraw funds for months.
  • The CEO of the exchange explains that banks do not want to cooperate with crypto firms.
Tuesday, 15/08/2023 | 12:26 GMT by Damian Chmiel
Retail FX

News Nuggets | 31 July: New Zealand's FMI Standards; ICE Delists Bakkt's Contracts

  • The resignation of the CEO of Capital as well as a former Aussie investment manager charged with fraud.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 31/07/2023 | 09:56 GMT by Finance Magnates Staff
Payments

Revolut Expands Financial Services to New Zealand

  • The fintech firm has already signed up 26,000 new users in the country.
  • Revolut plans to offer multiple services, including P2P payments, in New Zealand.
Wednesday, 05/07/2023 | 09:10 GMT by Jared Kirui
Retail FX

FMA Stops Firm Promising 350% Returns on FX and Crypto in 60 Weeks

  • The High Court rejected Validus' appeal.
  • The company can no longer offer its 'educational packages’.
Wednesday, 05/07/2023 | 07:17 GMT by Damian Chmiel
Retail FX

News Nuggets | 4 July: XS.com Appoints MENA Director; FMA Issues New Warnings

  • Also, Tradoverse adopts TraderEvolution's solution; Winklevoss offers $1.5b in Genesis debt talks.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 04/07/2023 | 11:07 GMT by Finance Magnates Staff
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