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The FMA has enforcement powers to target conduct that presents the greatest likelihood of harm to the function of open, transparent and efficient capital markets.

  1. What the FMA ?

    The Financial Markets Authority was set up in 2010 after the collapse of the finance company industry. It led to losses of more than $3 billion.
    Since then it has had some wins. The sentencing of former Bridgecorp director Rod Petricevic this week is one of them.


    Read more: http://www.3news.co.nz/Future-of-the...#ixzz1vOBTLkYb