FMA wants to prevent ‘Robinhood style’ trading

FMA wants to prevent ‘Robinhood style’ trading
Online trading platform Robinhood restricted trading in Gamestop shares after retail traders targeted the stock. (Image: Getty)
Dan Brunskill
The Financial Markets Authority is happy with how retail investment platforms are operating in New Zealand but is watching for poor behaviour seen overseas.The regulator conducted a survey of 2,000 platform users to give it a better idea of how people were investing and what risks they faced.Results from the survey were largely positive, showing the majority of investors were not day-trading and were highly motivated to learn about building wealth.However, it also found investors were strongly influenced by the fear of missing out (FOMO) and th...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025