Former financial adviser David McEwen has pleaded guilty to all charges relating to breaching a stop order imposed by Financial Markets Authority (FMA).
The former financial adviser previously based in Auckland, and several associated entities, were issued with a stop order by the FMA in December 2023.
The stop order prohibited making offers, issues, sales or other disposals of the company's financial products, distributing any restricted communication, and accepting further contributions, investments, or deposits in respect of McEwen and Associates' financial products.
In December 2024, the FMA filed criminal charges against McEwen for breaching this, alleging he had continued to make offers of financial products and take contributions.
The FMA has also previously advised former or existing clients of McEwens to check their credit and debit card statements for possible unauthorised payments, after receiving complaints from his clients that credit and debit card payments had been made on their accounts without their authority.
Head of enforcement Margot Gatland said FMA continued to recommend that investors contacted by McEwen or entities associated with him should report it.
"Ultimately, confident participation in the financial markets can only exist if an intrinsic level of market integrity exists, which stop order provisions serve to facilitate," she said.
McEwen was scheduled to be sentenced on January 14, 2026.
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