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Cases

Our actions in the cases below align with our Enforcement approach and Regulatory response guidelines.

Related:
List: Management bans and undertakings of non-participation
List: NZ finance company collapses (2006–2012)

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Found 79 results. Displaying page 3 of 4

    • Closed cases
    • SMA
    • Finance company cases

    8 June 2015

    Dominion Finance Group and North South Finance

    Securities Commission alleged that the directors made false statements in the Dominion Finance Group registered prospectus dated 13 September 2007, as amended by an extension certificate 20 December 2007 and the North South Finance registered prospectus dated 11 September 2007, as amended by an extension certificate 20 December 2007. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/dominion-finance-group-and-north-south-finance/

    • Closed cases
    • Enforceable action

    28 May 2015

    ANZ rural interest rate swaps - Settlement agreement/ Enforceable Undertaking

    Between on or about July 2005, and 31 March 2009, ANZ Bank New Zealand Limited breached s 9 of the Fair Trading Act 1986, in that, being in trade, it engaged in conduct that was misleading in relation to some of the customers, in that it understated some of the risks and/or overstated some of the benefits of interest rate swap arrangements to those customers. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/anz-rate-swaps/

    • Closed cases
    • Crimes act
    • Fraud
    • SMA
    • Companies Act
    • Finance company cases

    26 February 2015

    Belgrave Finance Limited

    Belgrave directors Stephen Charles Smith and Shane Joseph Buckley, and associate Raymond Tasman Schofield were convicted on representative charges brought by the FMA under the Securities Act, the Companies Act and Crimes act along with their legal advisor Hugh Edward Staples Hamilton. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/belgrave/

    • Closed cases
    • Finance company cases
    • Crimes act
    • Fraud

    17 December 2014

    South Canterbury Finance (SCF)

    The accused are Edward Sullivan, Robert White, Lachie McLeod, Terrence Hutton, Graham Brown. The SFO has laid 21 charges in total with FMA's assistance. The charges are laid under provisions of the Crimes Act: sections 220 (theft by person in special relationship), 240 (inducing by deception), 260 (false accounting) and 242 (false statement by promoter). Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/scf/

    • Closed cases
    • FR Act

    11 September 2014

    Hayden and George Jones

    This criminal proceeding relates to allegations that Hayden and George Jones, as Directors of Heritage Park Taupo Limited and Heritage Park Investments Limited, failed to deliver financial statements to the Registrar of Companies under ss 18(1) & 38(b) Financial Reporting Act 1993.

    https://fma.cwp.govt.nz/news-and-resources/cases/jones/

    • Closed cases
    • FR Act

    11 July 2014

    Ross Collins

    This criminal proceeding relates to allegations that Ross Collins, as a Director of Prosper Hills (2004) Limited, Prosper Hills (2006) Limited NZFIL 3, failed to deliver financial statements to the Registrar of Companies under ss 18(1) & 38(b) Financial Reporting Act 1993. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/ross-collins/

    • Enforceable action
    • SMA

    5 June 2014

    Strategic Finance Limited - Settlement/ Enforceable Undertaking

    FMA investigation into Strategic had found that the directors( Kerry Finnigan, Graham Jackson, Marcel Lindale, Timothy Rich, Denis Thom, David Wolfenden) are likely to have breached the Securities Act by making untrue statements in a registered prospectus, investment statement and in an advertisement between March 2008 and August 2008. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/strategic-finance/

    • Closed cases
    • Disclosure
    • Crimes act
    • Enforceable action
    • SMA
    • Companies Act
    • Finance company cases

    12 March 2014

    Bridgecorp and Bridgecorp Investments (BIL) - Settlement agreement and Judgment

    FMA alleged that the directors( Rodney Petricevic, Robert Roest, Bruce Davidson, Gary Urwin and Peter Steigrad) made untrue statements in the investment statements and registered prospectuses, prospectus extension certificates of Bridgecorp and BIL. They also made other false or misleading statements in Bridgecorp and BIL documents. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/bridgecorp/

    • Closed cases
    • Disclosure
    • Enforceable action
    • SMA

    15 October 2013

    FMP Medical Services Limited - Order

    Financial Markets Authority made orders under section 43G{l}(c} and section 43F(l}(a} of the Securities Act 1978, cancelling registration of the registered combined prospectus and investment statement for an issue of equity securities of FMP Medical Services Limited and prohibiting the distribution of the Offer Document. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/fmp/

    • Closed cases
    • Finance company cases
    • Disclosure
    • SMA
    • FR Act

    22 August 2013

    Five Star Consumer Finance And Five Star Finance Group

    FMA alleged that the directors (Marcus Macdonald, Nicholas Kirk, Anthony Bowden, Neill Williams) made untrue statements in the investment statements and registered prospectuses of Five Star Consumer Finance Limited and offered securities (Five Star Finance and Five Star Debenture Nominee) in contravention of the Securities Act and did so without having registered a prospectus or provided investors with an investment statement. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/five-star-consumer-finance-and-five-star-finance-group/

    • Closed cases
    • Finance company cases
    • Disclosure
    • SMA

    5 March 2013

    Nathans Finance NZ Ltd

    The Commission alleged that statements concerning Nathans' lending to related parties, the quality of its loan book, its loan management practices and its management of liquidity were untrue. It is also alleged that the directors made untrue statements in a prospectus extension certificate in March 2007. Read more.

    https://fma.cwp.govt.nz/news-and-resources/cases/nathans/