Liam Mason adds to his extensive FMA CV with role vacated by Nick Kynoch.
A Financial Markets Authority stalwart has been appointed the market regulator’s general counsel, replacing Nick Kynoch.
FMA director of regulation Liam Mason, who has worked at the FMA since its
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On The Money: Who regulates the regulator?
The announcement that yet another senior Financial Market Authority executive is leaving, taking with him inside knowledge of thinking and strategies of the regulator, has predictably provoked further discussion of the “gamekeepers turned poachers” problem.
NBR recently reported that Nick Kynoch, who had responsibility at the FMA for enforcement and litigation, is returning to the private sector after five years at the regulator. He is joining Generate, the ninth largest KiwiSaver provider, as general counsel.
Kynoch’s defection follows that of the director of external communications and investor capability, who resigned in 2017 to join PIE Funds, which was at the time enjoying
Victims of PTT, Steven Robertson and Rodney McCall to receive payout - FMA voxy.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxy.co.nz Daily Mail and Mail on Sunday newspapers.
New Zealand Financial Markets Authority: Victims Of PTT, Steven Robertson And Rodney McCall To Receive Payout - McCall Sentenced To Home Detention Date
21/12/2020
The Financial Markets Authority (FMA) has welcomed two court decisions that will see victims of convicted fraudsters Steven Robertson and Rodney McCall receive a portion of their money back. Mr McCall has also been sentenced to 12 months’ home detention for his crimes.
On Friday, the Auckland High Court approved a pro-rata distribution methodology for creditors of PTT Limited, Mr Robertson and his associated entities. The methodology was proposed by the receivers and liquidators of PTT, and supported by the FMA as being in the interests of victims. Receivers and liquidators estimate that victims will be likely to receive around 59 cents in the dollar.