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Community Scoop » FMA Repeats Warning About Validus

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Business.Scoop » FMA Repeats Warning About Validus

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Business.Scoop » New Board Member Appointed To Financial Ombudsman Service's Board

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Guide to private credit in Asia-Pacific: New Zealand

The New Zealand debt market is dominated by the “big-4” Australian-owned banks, with around 85% combined market share as at February 2021. However… ....

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'Gun for hire' company director handed community sentence for FSPR breaches

Gun for hire company director handed community sentence for FSPR breaches
3 Mar, 2021 04:40 AM
5 minutes to read
Michael Reps, the NZ-based director of Pegasus Markets Ltd, says he wants to pay back his debt to society. Photo / Sam Hurley
Michael Reps, the NZ-based director of Pegasus Markets Ltd, says he wants to pay back his debt to society. Photo / Sam Hurley
A director of a derivatives trading firm has been described as a gun for hire whose actions risked damaging New Zealand s reputation as a safe place to do business.
Pegasus Markets Ltd and its NZ-based
director Michael Reps were criminally charged in 2018 by the Financial Markets Authority (FMA) with breaching the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act). ....

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