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Finance firm CLSA Premium recorded $15m loss before FMA imposed restrictions on trading


Finance firm CLSA Premium recorded $15m loss before FMA imposed restrictions on trading
16 Mar, 2021 04:42 AM
3 minutes to read
Last year the FMA launched proceedings against CLSAP NZ alleging breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.
Duncan Bridgeman is head of premium business content for the New Zealand Heraldduncan.bridgeman@nzherald.co.nz@Dunc1000
Financial services firm CLSA Premium NZ, formerly KVB Kunlun, slumped to a $15m loss prior to being effectively shut down by the Financial Markets Authority for failing to meet audit and assurance requirements.
In accounts
just filed to the Companies Office, CLSAP NZ showed a net loss of $14.97m in the year ended December 31, 2019 as operating income tumbled from $77.9m to just $3.26m. ....

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Samson Hill forestry worker awarded $20,000 after 'unjustified' sacking


Samson Hill forestry worker awarded $20,000 after unjustified sacking
15 Mar, 2021 10:20 PM
3 minutes to read
Truck driver and forestry worker Tyler Ward was dismissed from Samson Hill after failing to torque wheels on a trailer. Photo / David Haxton
Former truck driver and forestry worker Tyler Ward will be awarded more than $20,000 from a Southland tree-felling company after its firing of Ward was found unjustified by the Employment Relations Authority (ERA).
Samson Hill Harvesting Limited, based in Gore, is part of the timber operations industry. The company sacked Ward via email in November 2019 after what it claims were mounting concerns about his performance. ....

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Nike Launches 'The Toughest Athletes' Ad To Celebrate Pregnancy And Motherhood


Wieden+Kenndy agaency in London released Nike’s latest ad following the launch of active maternity wear collection. As the sportswear brand has come up with a few tear-jerking, fist-clenching, I-can-do-this ads in the past, this one is not an exception. After Nike’s hiccup cutting pay of Allyson Felix, American track and field sprinter, after she gave birth, the brand had no other choice but to reconsider their policy concerning pregnant athletes. After Felix spoke out, Nike took a sharp turn to guarantee pay and for 18 months around pregnancy for their brand faces.
The sports clothing brand introduced a collection of maternity wear that features over 20 women ....

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