Financial Markets Authority orders stock-tip website Kalkine to stop making sales calls

Financial Markets Authority orders stock-tip website Kalkine to stop making sales calls
Kalkine is a self-described equities research firm founded by Sydney-based Kunal Sawhney. (Photo: Kalkine)
Dan Brunskill
The Financial Markets Authority has directed equities research website Kalkine to stop making outgoing sales calls after receiving complaints about its outlandish claims.  Kalkine is a self-described equities research firm founded by Sydney-based Kunal Sawhney and it holds a transitional financial advice provider licence in New Zealand. The FMA said it received several complaints about the company’s marketing and unsubstantiated claims that were made during sales calls.The regulator said it analysed recordings of calls made by K...

More Markets

FMA gets eligible investor certification clarity
Finance

FMA gets eligible investor certification clarity

High Court Justice Sally Fitzgerald released a 45-page judgment on Thursday.

Major stock moves expected as index reshuffles hit markets
Markets

Major stock moves expected as index reshuffles hit markets

Analysts are anticipating the week will end with significant volume and volatility.

Sharesies’ app affected by more than hour-long outage
Finance

Sharesies’ app affected by more than hour-long outage

Sharesies portfolio app was down for more than an hour, frustrating US-focused investors.

Co-ops last five times longer than limited liability companies - report
Primary Sector

Co-ops last five times longer than limited liability companies - report

Top 30 co-ops and mutuals made $51.9b revenue in 2024, 12.5% of GDP.