AI financial advice maybe breaching the law
Do AI’s responses fit with New Zealand’s financial advice laws? Thursday, December 11th 2025, 7:42AM Generative AI chatbots may be acting in breach of the Financial Markets Conduct Act (FMCA)’s financial adviser licensing and regulatory requirements, according to Chapman Tripp partner Tim Williams in his address to over 450 IBANZ members at IBANZ’s annual Insurance…
