Tag: FMA

Austria - Vienna
February 28, 2022 BY Steffy Bogdanova

Austrian regulator imposes moratorium upon Sberbank Europe

Sberbank Europe issued a statement on the current situation: In the light of the latest geopolitical developments, several banks of Sberbank Europe Group registered significant outflow of client deposits within a very short time. In some subsidiary banks, this resulted in long waiting times in branches and partially in restricting the amount of daily cash…

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December 09, 2021 BY Steffy Bogdanova

New Zealand FMA lifts AxiCorp's licence suspension

The regulator noted that the company has taken steps to address and remedy these breaches. The official announcement stated: AxiCorp has since demonstrated to the FMA that it has taken adequate steps to address the material breaches and that it has adequate systems, processes and resources in place to ensure compliance with the FMC Act…

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October 14, 2021 BY Steffy Bogdanova

FMA censures Jarden Securities for DI license violations

According to the FMA, the breaches occurred between September 2015 and July 2020. Jarden, formerly NZ Capital Securities, acquired OMF in 2019. The company self-reported to regulator in September 2020. During the period of the violations, the FMA found that OMF transferred its own money into the trust account meant to hold derivative investor money…

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October 13, 2021 BY Steffy Bogdanova

New Zealand regulator FMA issues guidance on advertising financial products

Liam Mason, FMA General Counsel, said: Advertising can significantly influence people’s investment decision making, so it’s critical that firms’ marketing materials don’t mislead or confuse consumers. The FMA noted in its announcement that the format of some ads is limited like banners on social media platforms and webpages. The regulator expects firms to ensure ‘click…

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CFD broker TMGM obtains FMA license in New Zealand
June 10, 2021 BY Steffy Bogdanova

CFD broker TMGM obtains FMA license in New Zealand

Chief Marketing Officer, Angelo D’Alessio, commented: This is a key milestone for TMGM. Expanding our global reach has been an important focus for us. Since the success of the Australian Open sponsorship, widening our reach was a natural step for us in this journey. Securing the FMA license further solidifies our commitment to expanding our…

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FMA warning
March 15, 2021 BY Steffy Bogdanova

FMA warns against horizonlinelimited.com, Cornucopia and others

www.cjcmarketsglobal.biz/ Website: www.cjcmarketsglobal.biz/ Phone: + 91 97642 16796 The FMA warned that the website www.cjcmarketsglobal.biz/ is contacting individuals via private messages and are falsely claiming to be authorised and licensed by the FMA. The website is in fact not associated with or authorised by the NZ incorporated company, Carrick Just Capital Markets Limited Trading As CJC…

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FMA warning
February 05, 2021 BY Steffy Bogdanova

Steiner Greves, winngroups.com and others added to FMA warning list

winngroups.com Websites: https://www.winngroups.com/ Emails: [email protected] The FMA warned that the website winngroups.com is not associated to or authorised by the UK registered company Winn Group Ltd and is falsely purporting to be so. winngroups.com has been taking unauthorized payments from investors’ accounts. Wendav Limited (Wendav) Websites: https://www.wendavlimited.com/ Emails: [email protected] The FMA was advised that investments with…

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FMA warning
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…

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