New Zealand’s FMA censures Jarden Securities for license breaches by OMF
FMA has formally censured Jarden Securities for contraventions by OM Financial Limited (OMF) as a licensed derivatives issuer.
FMA has formally censured Jarden Securities for contraventions by OM Financial Limited (OMF) as a licensed derivatives issuer.
In its guidance, New Zealand’s FMA notes that any claims in the advertising of financial products must be substantiated.
Firma Foreign Exchange Corporation (NZ) Limited has contravened a number of its obligations as a licensed derivatives issuer (DI).
CLSA Premium New Zealand Limited (CLSAP NZ) will have to pay a total pecuniary penalty of $770,000 for AML breaches.
FMA has directed FX and CFD broker Rockfort Markets to remove or amend misleading advertising statements.
Forex broker CLSA Premium sets aside HK$5.6 million as provision for a penalty to be imposed by New Zealand’s FMA.
The distribution methodology was proposed by the receivers and liquidators of PTT, and supported by New Zealand’s FMA.