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FMA gives Aussie brokerage a shot over the bows

Launch of New Zealand service delayed over ‘potentially misleading statements.’

Tim Hunter Mon, 20 Apr 2020

The Financial Markets Authority says a new online brokerage promoting its launch in New Zealand this month is not yet compliant and may be misleading investors.

Stake, the trading name of Australian company Stakeshop, told potential customers it planned to kick off its New Zealand business on

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Tim Hunter Mon, 20 Apr 2020
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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FMA gives Aussie brokerage a shot over the bows
General Business,
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