FMA on legal high, enters the court of private opinions

The FMA's Margot Gatland. (Image: Supplied)

Wed, 09 Oct 2024

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...

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