Victims of PTT, Steven Robertson and Rodney McCall to receive a portion of their money back LeapRate

December 22, 2020 BY Steffy Bogdanova

Victims of PTT, Steven Robertson and Rodney McCall to receive a portion of their money back

Nick Kynoch, FMA General Counsel, said the FMA recognised many victims of Robertson and McCall had suffered significant losses and distress. The New Zealand regulator was pleased these investors would soon start to receive some of their money back. Kynoch commented: Victims of Robertson and McCall had their trust abused and many were plunged into…

December 18, 2020 BY Steffy Bogdanova

Clearing Falcon Group, Genuine Progress Index others added to FMA warning list

The regulator provided details of the bank account used by CFG and GPI: Account Name: Liangfu Tang Account Number: 2161945220 Bank Name: East West Bank (United States of America) Account Name: Dai Feng Account Number: 056 499015 221 Bank Name: HSBC Bank (Singapore) Limited FMA also noted that CFG and its associated entities are requesting…

November 25, 2020 BY Steffy Bogdanova

Winn Group Ltd, bslcorporationltd.co and others added to FMA warning list

YuanPay Group Associates names: YuanPay Group International SA, Yuan Payments Group International SA Website: https://yuanpaygroup.com and https://yuanpaymentsys.com The FMA stated YuanPay Group has been advertising their trading services in Chinese digital Yuan with fake news articles featuring a New Zealand celebrity. In addition, the digital yuan product is not available for trading.None of YuanPay Group…

November 18, 2020 BY Steffy Bogdanova

Business Choice Partners Group Limited, Bitcoin Future and others added to FMA warning list

The regulator provided details of the bank account used by Business Choice Partners Group Limited: Account Name: Xiong Yin Qiong Account Number: BKCHHKHH 012-593-009-223-5 Bank Name: Bank of China (Hong Kong) Account Name: Cq Yeyou Trading Co Ltd Bank Name: The Currency Cloud Limited Account Name: ePaylinks Technology CO Limited Bank Name: Bank of China…

October 26, 2020 BY Steffy Bogdanova

BND Traders, DMAX and others added to FMA warning list

Howden Global Acquisition Group Website: http://howdenglobalag.com/ Phone: 001 412 407 1617 Email: [email protected]; [email protected] The FMA stated that Howden Global Acquisition Group is claiming to be licensed and/or regulated in the United States by falsifying records. The New Zealand watchdog also noted that the entity maybe associated with United Commonwealth Financial Protection Board. United Commonwealth Financial Protection…

October 07, 2020 BY Steffy Bogdanova

Royals FX added to FMA warning list

CTX Prime Associated individuals: RMD Developments Limited, located at 8 Copthall, Roseau Valley 00152, Commonwealth of Dominica Website: www.ctxprime.com Address: Emaar Business Square Tower 2, Downtown Dubai Phone: +442080898491 Email: [email protected]; [email protected] The FMA noted that the Comision Nacional Del Mercado De Valores in Spain has issued a public alert about CTX Prime and RMD Developments…

September 25, 2020 BY Steffy Bogdanova

Coinsave and others appear on FMA warning list

Acquisition Direct Facilitators Associated individuals: Dr Serge Pacome, Dodi Burgi Website: https://aquisitiondirect.com/ Address: Emaar Business Square Tower 2, Downtown Dubai Phone: +971503074243 and 09 379 6779 Email: [email protected], [email protected], [email protected] Acquisition Direct Facilitators (ADF) representatives purport to be a Fund Manager in New Zealand when this is not the case. ADF is not registered on the Financial Service Providers…

September 15, 2020 BY Steffy Bogdanova

Holding Investment, G.R.C Trustee and others appear on FMA warning list

G.R.C Trustee Website: https://www.grctrustee.com/ Phone: +1 281 909 4553 Email: [email protected], [email protected] G.R.C Trustee is not associated with GRC Investments Limited. The company is also falsely claiming to be regulated in New Zealand. Alioth Club Websites: https://alioth.club/, https://www.facebook.com/groups/476719049803295/ and https://www.facebook.com/Alioth-Club-Official-106572801144899/ Phone: +447494870772, +447494870903 Email: [email protected], [email protected] Alioth Club is not a registered financial service provider in New Zealand. As such,…

September 11, 2020 BY Steffy Bogdanova

New Zealand FMA finds Pegasus Markets and director guilty for financial registration abuse

The court found Pegasus guilty on charges for claiming to be registered and its director Reps for failing to prevent the company from committing the offence. Pegasus and Reps face significant fines of up to $300K for the company and either a $100K for Reps and/or 12 months’ imprisonment. The FMA will comment further on…

September 04, 2020 BY Steffy Bogdanova

Unitex Capital Limited, Marketing Giant and others appear on FMA warning list

The New Zealand watchdog advises caution when dealing with the entity Unitex Capital Limited because of concerns it may be involved in a scam. The FMA found that Marketing Giant is not a registered financial service provider in New Zealand. The FMA advises caution when dealing with Intrgroups/Intragroup. The FCA in the UK and the Financial…

Tag: FMA