The already-delayed listing of financial services company WSD Global Markets on the New Zealand stock exchange remains in limbo until a Serious Fraud Office investigation of a related company in the Cook Islands is completed.

Former MP Matt Robson and Tasman Capital are forging ahead with plans to list WSD Global Markets on the NZX, despite a Serious Fraud Office investigation into alleged money laundering operations by WSD's related company in the Cook Islands.

SFO director Grant Liddell last night confirmed to NBR that the Cook Islands-based WSBC and “associated entities” were under investigation. WSBC out-sources its margin trading operations to WSD Global Markets.

The public listing of international broking house WSD Financial on the New Zealand stock exchange remains on track, even if it is taking slightly longer than expected.

The listing, which is being carried out through Tasman Capital, was expected to be completed by the end of last year, but has not yet taken place.

Tasman capital managing director Joseph van Wijk says the listing will be completed shortly and that NZX still working through the application.