Wellington, Sept 22 NZPA - Insurance advisers and mortgage brokers will be able to be voluntarily authorised after Cabinet agreed on new regulations, Commerce Minister Simon Power says.

Wellington, Sept 21 NZPA - A draft code of professional conduct for authorised financial advisers has been approved by the Commerce Minister today. The Commissioner for Financial Advisers, David Mayhew, can now determine when the code can come into effect, Minister Simon Power said.

Wellington, Sept 14 NZPA - The proposed new market regulator will be able to enforce the duties of people involved in financial markets when it's in the public interest, a significant new power under a bill introduced to Parliament today.

Wellington, Aug 27 NZPA - Timaru businessman Allan Hubbard says he feels ambushed by the statutory managers of his businesses, and disappointed not to have had a chance to review a report showing a significant shortfall in one of the managed funds.

Wellington, Aug 27 NZPA - Supporters of Timaru businessman Allan Hubbard expressed disbelief today at a second report by statutory managers which predicted a slow return of capital for investors in one business and a shortfall of at least 25 percent in another.

Wellington, Aug 27 NZPA - About 300 investors in Hubbard Management Funds (HMF) were told by statutory managers today that the company overstated its value by at least 25 percent on March 31, reporting non-existent investments and cash balances.

Wellington, Aug 24 NZPA - A group of 71 investors have written to Commerce Minister Simon Power asking him to terminate the statutory management of entities associated with Timaru businessman Allan Hubbard and his wife Jean.

Wellington, Aug 20 NZPA - Aorangi Securities Ltd (ASL) investors are being urged to write to Commerce Minister Simon Power requesting statutory management of the company be terminated.

Wellington, Aug 2 NZPA - The not guilty verdict for five Feltex directors today is being welcomed by professional groups but is a disappointment for shareholders' advocates.

Wellington, July 29 NZPA - The Government is moving to allow electronic voting by shareholders in a bid to improve shareholder participation.