New Zealand's FMA cancels Equitise Pty Ltd's crowdfunding license due to breaches and deregistration.
New Zealand's Financial Markets Authority (FMA) has cancelled the crowdfunding services licence of Equitise Pty Ltd, citing material breaches of market services licensee obligations and deregistration from the Financial Service Providers Register. Equitise, which has helped start-ups raise millions in funds, failed to provide its 2023 financial statements and a report outlining its agreed-upon procedures.
April 17, 2024
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