Articles tagged with 'court'
Second court appearance for fund manager accused of assault
31 May 2023 - An Auckland investment fund manager charged with wounding with intent to injure and burglary after an alleged attack that left a retiree blind in one eye has made his second appearance in court.
CLSAP NZ fined for AML breaches
13 September 2021 - CLSA Premium New Zealand Limited (CLSAP NZ) has been ordered to pay a penalty of $770,000 for breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.
TSB fined $3.5m for anti-money laundering act breaches
31 August 2021 - The High Court at Wellington has fined TSB Bank Ltd $3.5 million after the bank admitted to four breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act).
Marathon court battle comes to an end
11 August 2021 - George Kerr's Pyne Gould Corporation, Bath Street Capital and Andrew Barnes have settled a long-running court case over the sale of Perpetual Trust stretching back to 2014.
AIA admits to fair dealing breaches - could face $700k fine
29 July 2021 - Life insurer AIA has admitted to making false and/or misleading representations to customers and could face a fine of up to $700,000 after court proceedings were brought against the company by the Financial Markets Authority (FMA).
Reserve Bank takes High Court action against TSB
27 May 2021 - The Reserve Bank of New Zealand has filed a statement of claim in the High Court against TSB Bank Limited for acknowledged breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
Firm pinged for AML breaches
7 May 2021 - CLSA Premium (formerly KVB Kunlun) has admitted to breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act, following proceedings...
Real estate price-fixing saga ends with big penalty
10 September 2020 - Price-fixing is in the spotlight, once again, after the Auckland High Court ordered two Hamilton real estate agencies to pay $4 million for engaging in it.
Bachcare convicted of misleading consumers
20 December 2019 - Misleading consumers – via the editing and withholding of online reviews - has earned holiday rental accommodation company Bachcare a conviction and a hefty fine.
SFO deception charges for investors
22 November 2019 - Four Auckland property investors have been charged with fraudulently obtaining millions of dollars in home loans.
Kloogh liquidators trawling files back to 2012
3 October 2019 - Liquidators for financial adviser Barry Kloogh’s companies are considering whether the rights to his trail commissions could be sold to help recover money for creditors.
Kloogh no longer a financial adviser
5 September 2019 - Financial adviser Barry Kloogh has had his authorisation cancelled by the Financial Markets Authority.
Kloogh companies liquidated
3 September 2019 - Financial Advice New Zealand says Barry Kloogh's membership will be suspended until further information about the investigation into his businesses comes to light.
FMA secures guilty verdict
19 August 2019 - Steven Robertson has been found guilty of dozens of charges relating to the misuse of client money.
Kloogh's clients' missing $8 million
7 August 2019 - About $8 million of client money is missing from financial adviser Barry Kloogh’s accounts, it has been revealed.
Bachcare charged with misleading consumers
16 July 2019 - The Commerce Commission alleges the online holiday rental booking platform has manipulated online user reviews it has received.
ComCom takes Ronovationz to court
8 July 2019 - Property investment guru Ron Hoy Fong’s company is being prosecuted by the Commerce Commission over allegations of price fixing.
FADC hands down its punishment in non-disclosure case
16 May 2019 - A financial adviser who breached the Code of Conduct by skimping on client medical histories in insurance applications has learnt the fate.
The Big Read: FMA goes after adviser for alleged non-disclosure
26 March 2019 - Questions about what the professional responsibilities of advisers in a consumer protection regime are lie at the heart of the Financial Advisory Disciplinary Council (FADC)’s first non-disclosure case.
Litigation heals Mike Pero wounds
28 September 2018 - Just a few weeks ago they were at each other’s throats in court, but now Mike Pero and Mike Pero Mortgages (MPM) have kissed and made up.
Unregistered insurance adviser avoids prison
5 July 2018 - A South Island man who offered insurance advice, without being a registered financial adviser, has been sentenced to community work and community detention.