Commerce Commission puts Kalkine on notice over cold calls

Kalkine's Sydney-based founder Kunal Sawhney. (Image: Kalkine)

Thu, 14 Dec 2023

The Commerce Commission has warned stock-tip company Kalkine New Zealand over its cold-call sales pitches, which it says haven’t overtly explained a customer’s right to cancel. The regulator wrote to the Australian equities research firm on Dec 1 with a warning the commission took the view that Kalkine’s cold calls breached the Fair Trading Act by falling short of disclosure requirements for uninvited direct sales and misleading consumers about their cancellation options. “Our investigation concerned alleg...

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