Cases

Found 78 results. Displaying page 1 of 4

1. • Cases before the courts
   • Crimes act
   • Fraud

   20 December 2020

   PTT Limited, Steven Robertson and related parties

   Four companies were placed in liquidation over breach of financial markets legislation and case filed under Crimes act against Steven Robertson with the trial due in May 2019

   http://fma.cwp.govt.nz/news-and-resources/cases/ptt-ltd/

2. • Cases before the courts

   10 September 2020

   Forestlands

   FMA has referred some matters to the Serious Fraud Office and will continue to complete its inquiries in relation to financial markets issues. See latest in Forestlands case.

   http://fma.cwp.govt.nz/news-and-resources/cases/forestlands/

3. • Disclosure
   • Investigations
   • FMC Act

   17 December 2019

   CBL

   The FMA has completed a preliminary assessment of the information obtained as part of the investigation to date from CBL and has concerns about potential breaches of the Financial Markets Conduct Act 2013 and the Companies Act 1993. Read more.

   http://fma.cwp.govt.nz/news-and-resources/cases/cbl/

4. • Cases before the courts
   • FSPR

   16 December 2019

   Pegasus Markets Limited and Director Michael Reps

   The FMA alleges Pegasus Markets Limited continued to hold out on two different websites that it was registered on the FSPR after it had been deregistered and despite subsequent warnings from Companies Office.

   http://fma.cwp.govt.nz/news-and-resources/cases/pegasus-markets-ltd/

5. • Cases before the courts
   • FSPR

   18 October 2019

   Barry Kloogh (Financial Planning Limited and Impacted Enterprises Limited)

   Mr Kloogh was offering brokering services to clients through the first defendant, Financial Planning Ltd, and the second defendant, Impact Enterprises Ltd, although neither they nor he was registered to offer broking services. The FMA referred the matter to the Serious Fraud Office.

   http://fma.cwp.govt.nz/news-and-resources/cases/barry-kloogh/

6. • Crimes act
   • Finance company cases

   16 August 2019

   Viaduct Capital & Mutual Finance Judgment

   Paul Bublitz was found guilty of four charges of theft by a person in a special relationship and two charges of false statement by a promoter. He was sentenced to 3 years two months imprisonment for each of the charges, to be served concurrently. Read more.

   http://fma.cwp.govt.nz/news-and-resources/cases/viaduct-capital-and-mutual-finance-case/

7. • Cases before the courts
   • Crimes act
   • FMA Act

   9 August 2019

   Rodney McCall and Morgan Cooper Limited

   The FMA alleges Mr McCall contacted people and convinced them to ‘invest’ by transferring money into bank accounts he controlled. After incorporating a company, Morgan Cooper Limited, he further cold-called other investors to promote a foreign exchange investment service which did not exist.

   http://fma.cwp.govt.nz/news-and-resources/cases/rodney-mccall/

8. • Enforceable action
   • Fair Trading

   6 August 2019

   Westpac - Enforceable undertaking

   Westpac accepted that it may have contravened fair dealing provisions of the Financial Markets Conduct Act (FMCA) and/or possible breaches relating to consumer credit contracts under the Fair Trading Act (FTA).

   http://fma.cwp.govt.nz/news-and-resources/cases/westpac/

9. • Enforceable action
   • FMC Act

   23 July 2019

   Syndicated Trusts Limited – Stop Order

   The Financial Markets Authority (FMA) has issued a Stop Order against Syndicated Trusts Limited (STL), ordering the company to stop advertising or accepting money for financial products.

   http://fma.cwp.govt.nz/news-and-resources/cases/syndicated-trusts-limited-stop-order/

10. • FSPR
    • Closed cases

    6 June 2019

    Morgan DeVere Corporate Finance Limited and Director Rene Moorby

    These charges relate to Morgan DeVere Corporate Finance Limited and Director Rene Moorby for breaches of the Financial Service Providers (Registration and Dispute Resolution) Act.

    http://fma.cwp.govt.nz/news-and-resources/cases/morgan-devere-n-rene-moorby/

11. • Cases before the courts
    • Market manipulation
    • Disclosure

    15 April 2019

    Oceania Natural Limited(ONL)

    FMA alleged breaches of market manipulation prohibitions and the disclosure obligations in the Financial Markets Conduct Act 2013. Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/onl/

12. • Closed cases
    • FMA Act

    12 April 2019

    ANZ v FMA (breach of confidence) judgment

    This is a judicial review proceeding. The respondent, ANZ Bank New Zealand Ltd (ANZ), has challenged the Financial Markets Authority’s (FMA) decision to disclose to third parties documents the FMA has obtained from ANZ through the exercise of its statutory powers.

    http://fma.cwp.govt.nz/news-and-resources/cases/notification-of-judgment-delivery-ca2482018-financial-markets-authority-v-anz-bank-new-zealand-limited/

13. • Disclosure
    • Enforceable action
    • Insider trading

    9 April 2019

    Mark Stephen Talbot- Enforceable undertaking

    Mr Talbot has offered this enforceable undertaking following an investigation made by the FMA into his trading of shares in VMob Group Limited (VMob). Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/mr-talbot/

14. • FSPR
    • Enforceable action

    27 February 2019

    Jonathan Simon Antony Branton-Casey - Enforceable undertaking

    On 27 February 2019, Jonathan Branton-Casey offered, and the FMA accepted, the attached Enforceable Undertaking pursuant to section 46 of the Financial Markets Authority Act 2011. Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/j-casey/

15. • Closed cases
    • Crimes act

    25 February 2019

    South and Provan

    Robert Ian South and Murray Byron Provan face various charges under the Crimes Act. Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/south-and-provan/

16. • Disclosure
    • Enforceable action

    30 October 2018

    Pacific Eagle Capital (PEC) - Infringement notice/ Order

    The Financial Markets Authority (FMA) has issued an infringement notice to Pacific Eagle Capital (PEC) for failing to file financial statements by its due date. Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/pec/

17. • Insider trading
    • Closed cases

    30 September 2018

    ERoad - Hamish Sansom and Jeffrey Peter Honey

    The FMA alleges that an Eroad employee sent text messages to a former Eroad employee that contained confidential material information relating to Eroad’s performance in the period to 30 September 2015. That individual then traded 15,000 Eroad shares. Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/eroad/

18. • Closed cases
    • FSPR

    6 July 2018

    Garry James Patterson

    The FMA has filed charges against Garry James Patterson alleging he was or was holding out as being, in the business of providing financial services in contravention of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (FSP Act). Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/mr-patterson/

19. • Closed cases
    • Fraud

    3 July 2018

    Arena Capital/Blackfort

    Mr Ryan, also known as Lance Jared Thompson, used the forex platform BlackfortFX as a façade to encourage more than 900 investors, who were mostly from the Christchurch region, to put about $8.3 million in the Ponzi scheme. Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/arena-capitalblackfort/

20. • Closed cases
    • Disclosure
    • SMA
    • Enforceable action
    • Finance company cases

    12 December 2017

    Hanover Finance, Hanover Capital & United Finance - Settlement Agreement/ Judgment

    These proceedings were issued under sections 55B, 55C, 55G and related sections of the Securities Act 1978. FMA has applied for compensation, declarations of civil liability, civil pecuniary penalties against each of the five directors and promoters - Mark Hotchin, Gregory Muir, Sir Tipene O'Regan, Bruce Gordon, Eric Watson and Dennis Broit. Read more.

    http://fma.cwp.govt.nz/news-and-resources/cases/hanover/