The Financial Markets Authority (FMA) has just issued a warning against a scam company called Financial Capital Alliance (Asia) Limited.
Financial Capital Alliance (Asia) Limited
Associated entities/individuals: PSA Trade Limited; HK Wenxianqui Trade Co Ltd; Spride Limited
Address: 100 Queen’s Road, Central, Hong Kong
Email: [email protected], [email protected]
Reason for warning:
The FMA recommended exercising caution before dealing with Financial Capital Alliance (Asia) Limited (FCAA) as:
- It is not licensed or registered to provide financial services in New Zealand;
- It is withholding client funds
- It has characteristics of a scam.
The official warning can be seen here.