NZSA weighs in on FNZ shareholder issue

NZSA weighs in on FNZ shareholder issue
The NZSA's Oliver Mander said the pending lawsuit against fintech FNZ served as a warning for employee shareholders. (Image: NZME)
Victoria Young
New Zealand Shareholders Association chief executive Oliver Mander says the pending lawsuit against fintech FNZ is a reminder to minority shareholders to be clear about their rights. “The key point is if you are an employee shareholder, it might feel really good to be offered shares, but you have to understand what you are being offered.”FNZ declined to comment on the class action, which is expected to be filed next month by employee shareholders. The fintech that owns the Hatch brand in NZ has defended its capital raises,...

More Finance

‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
BNZ whistleblower wins $500k, fights on
Finance

BNZ whistleblower wins $500k, fights on

 Melissa Bowen had sought more than $3 million after she lost her job at the bank.

Victoria Young 18 Jul 2025
UPDATED: ASB, ANZ offered settlement in class action stoush
Finance

UPDATED: ASB, ANZ offered settlement in class action stoush

ANZ immediately rejected the offer as a "stunt".

Pattrick Smellie 16 Jul 2025