Annual returns for the troubled investment companies raise concerns over the location of company documents.
Charges follow 2014 referral by NZX.
"Prior to the GFC there was no FMA so now with everything they have to write the 'law' as they go. They are after all Lawyers so anything they do is stretched out."
The market watchdog's annual dig into KiwiSaver reveals some interesting trends.
"Its pretty simple folks, vote with your feet away from high fee providers. You'll most likely be tens of thousands of $$ better off in retirement."