FMA brings first charges under FSPR against unregistered firm

Tue, 27 Feb 2018

By Jonathan Underhill Feb. 27 (BusinessDesk) - The Financial Markets Authority has filed criminal charges against a firm and its New Zealand-based director for claiming registration on the Financial Service Providers Register after it had been kicked off. The FMA didn't identify those involved. For the first time, it filed charges for breaches of the Financial Service Providers (Registration and Dispute Resolution) Act. "The FMA alleges the company continued to hold out on two different websites that it was registered on the Financial...

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