FMA cracks down on NZ directors of financial services companies, insider trading

Mon, 19 Feb 2018

By Sophie Boot Feb.20 (BusinessDesk) - The Financial Markets Authority says it saw a positive change in market participant conduct last year although it's likely to bring proceedings against at least two company directors for misusing the Financial Service Providers Register and has a number of ongoing insider trading inquiries. The regulator's conduct outcome report for calendar 2017 said it had a positive engagement with those in the financial services sector but continues to see potential harm from participants not adhering to financia...

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