The Financial Markets Authority (FMA) has recently added two more names to its list of unregulated firms.
The latest additions are the company Yifu International Futures Co Ltd and the website www.rncapitalalliance.com.
According to the regulator, Yifu International Futures is not registered on the New Zealand Financial Service Providers (FSPR) register nor is it associated with FSP536487.
www.rncapitalalliance.com could be involved in a scam. The Australian registration and licence details (ABN 64 601 566 803 and AFSL224158) displayed on the website belong to Paradice Investment Management Pty Limited. However, there is no connection between the two.
www.rncapitalalliance.com is using the name of Royal National Capital Alliance (RNCA) which is an Australian registered and licensed entity. We do not believe there is a connection between the website and RNCA.
More recent warnings from the regulator can be found below: