New Zealand’s Financial Markets Authority (FMA) has earlier today updated its list of “Businesses to be wary of”, with the latest addition being TigerWit Prime Limited.
TigerWit operates via www.tigerwit.com, offering various Forex trading services. The company purports to have an address in New Zealand and to be a registered financial services provider.
The FMA notes, however, that TigerWit’s claims regarding its authorization in New Zealand are false. The regulator also says that the company is misleadingly claiming that the clients’ funds are safe as a result of such supervision.
The “Businesses to be wary of” list includes the names of businesses that have either not responded, or not provided a satisfactory response to a request by the FMA for information about a complaint. The regulator strongly recommends that investors do not invest money through any of the companies featured on the list.
The full list of “Business to be wary of” can be viewed by clicking here.