FMA claims that Speed Solutions Ltd, trading under the name "Arotrade", may be involved in a scam. The company is not registered in New Zealand and it is not on the New Zealand Financial Service Providers Register. The agency also noted that Arotrade and Speed Solutions appear in the Monetary Authority of Singapore (MAS) alert list as…
Read more
The agency reported to have received a report from a New Zealand resident who was cold-called by Tung Shun Securities Limited regarding investment opportunities in AB Research Partners Inc. Neither of the two companies, Tung Shun Securities Limited and AB Research Partners Inc, has been registered as a financial service provider in New Zealand. The companies are…
Read more
Trade99 appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. According to regulator, Trade99 and the website www.trade99.com are not listed on the FSPR. The company is not an incorporated firm in New Zealand. Individuals from Trade99 have been contacting New Zealand residents with investment offers, withholding client funds and…
Read more
New Zealand Financial Markets Authority (FMA) has yesterday added one more names to its list of unregulated firms and suspected scams. The latest addition is the company Halsted Holdings Limited. Halsted Holdings Limited's trading name is Selected Markets. The company is operating via the website www.selectedmarkets.com. According to the regulator, Selected Markets could be involved…
Read more
New Zealand Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest additions are the companies Orion Holdings Capital Management and OH Capital. The regulator recommends exercising caution before dealing with Orion Holdings Capital Management (OHCM), OH Capital and their websites www.ohcmgmt.com, and https://ohcapital.com/. The business address in…
Read more
New Zealand Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Safumax Group Limited. The regulator expressed its concern that Safumax Group Limited (SGL) is operating from a false address, and its website www.safumax.com contains misleading information that SGL is a licensed entity…
Read more
New Zealand Financial Markets Authority (FMA) has recently added two more names to its list of unregulated firms. The latest additions are the companies 55CMT and Circleforex and Yuanhui. According to the regulator, 55CMT could be involved in a scam and www.circleforex.com as this website claims to be associated with FSP476086 in New Zealand which…
Read more
The Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Coinbrokerz. According to the regulator, Coinbrokerz has the hallmarks of a scam, including withholding clients' funds, requesting clients to transfer additional funds before being able to withdraw investments and bank accounts that do…
Read more
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…
Read more
The Financial Markets Authority (FMA) has recently added a new name to its list of unregulated firms. The latest addition is the company Trinity Investments Limited. According to the FMA, the company could be involved in a scam. The regulator has received a complaint from a New Zealand resident who has invested with Trinity Investments…
Read more