FMA cancels Stockfox's financial advice provider licence

David McEwen ran a service offering stock tips. (Image: LinkedIn)

Fri, 31 May 2024

Sharemarket advice app Stockfox has had its financial advice provider licence cancelled by the Financial Markets Authority and is subject to an ongoing investigation.The Financial Markets Authority (FMA) said David McEwen, the sole director and controlling owner of Stockfox, had told the FMA that he had left New Zealand and had no plans to return.In November, the FMA issued an interim stop order against McEwen and associated entities.In a media release issued on Friday, the FMA said it had cancelled Stockfox's financial advice provider (FAP...

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