FMA on legal high, enters the court of private opinions

FMA on legal high, enters the court of private opinions
The FMA's Margot Gatland. (Image: Supplied)
David Chaplin
The Financial Markets Authority has been busy in the courts.In the space of just six days the Financial Markets Authority (FMA) has filed two civil cases and watched as the High Court in Auckland lashed AA Insurance with an almost $6.2 million fine.Parked in between the AA win and a filing against ASB on Tuesday was a less high-profile legal action against Jingjie Xue, director of delisted NZX company QEX Logistics, for “failing to comply with financial reporting requirements”.The latest spate of courtroom dramas follows several oth...

More Law & Regulation

Watson raises NZ citizenship to snuff insider trading charge
Law & Regulation

Watson raises NZ citizenship to snuff insider trading charge

Eric Watson fires another legal volley in his insider trading battle.

ASB's $35.5m mystery payout to customers
Markets

ASB's $35.5m mystery payout to customers

CBA reveals A$33m remediation provision for ASB customers ahead of A$10b expected result.

Garth Bray 06 Aug 2025
Christchurch Casino admits to AML breaches
Law & Regulation

Christchurch Casino admits to AML breaches

Christchurch Casino has admitted to a raft of anti-money laundering compliance failures and agreed to a proposed $5.06 million penalty.The Department of Internal Affairs (DIA) said on Friday that as part of the settlement, Christchurch Casino admitted all seven causes of action i...

Gregor Thompson 01 Aug 2025