Company convicted for abuse of the FSPR

The Financial Markets Authority has obtained a conviction against a company for falsely claiming it was registered on the Financial Services Providers Register (FSPR).

Morgan DeVere Corporate Finance Limited (Morgan DeVere) has been convicted at the Wellington District Court on two counts of breaching the Financial Services Providers Act 2008 (FSP Act) for falsely claiming it was registered on the Financial Services Providers Register (FSPR).

Morgan DeVere continued to claim it was registered on the FSPR after it had been deregistered and despite subsequent warnings from the Financial Markets Authority (FMA) and the Registrar of the Financial Services Providers Register.

Published on , last updated on .