Tag: FMA

FMA warning
June 05, 2020 BY Steffy Bogdanova

New Zealand FMA adds Crowd1 and Impact Crowd Technology S.L. and others to its warning list

The New Zealand watchdog found that Crowd1 and Impact Crowd Technology S.L. re not registered companies or financial service providers in New Zealand. Other overseas regulators such as SEC Philippines and FSC – Mauritius have cautioned against Crowd1. FMA also cautions that Mana Atua Mana Maori, www.atua-gov.org and Sovereign Global Bank of Aotearoa may be…

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regulations
March 20, 2020 BY Steffy Bogdanova

EU financial regulators protect the market by banning short selling

On Wednesday, the Financial Services and Markets Authority (FSMA) of Belgium announced a ban on entering into a short sale. It might constitute or increase a net short position on stocks admitted to trading to Belgian trading venues. The short sale prohibition includes: “any transaction which creates, or relates to, a financial instrument and where…

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fma warning
February 20, 2020 BY Steffy Bogdanova

FMA hosted debate on passive vs active management

Investment industry leaders from New Zealand were gathered in Auckland last night to debate whether passive or active fund management was best. The debate was hosted by Financial Markets Authority (FMA), on topic: ‘passive management gives investors the best outcome’. Most KiwiSaver funds and managed funds in New Zealand favor active management, however passive management…

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February 20, 2020 BY Steffy Bogdanova

New Zealand FMA adds three new companies to its warning list

SL Markets appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. The company's website states that it uses National Cloud Service Co Limited’s financial service provider registration details. However, SL Markets is not associated with the New Zealand incorporated company National Cloud Service Co Limited.  SL Markets also claims its operations are…

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fma warning
October 18, 2019 BY Valentina Kirilova

FMA adds the forex provider Circle Markets Limited to its warning list

New Zealand Financial Markets Authority (FMA) has issued a warning on its official website to a non-licensed derivatives issuer and forex provider, Circle Markets Limited, under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). The regulator found that Circle Markets Limited had failed to adequately verify identity information for some customers; obtain…

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fma warning
September 13, 2019 BY Valentina Kirilova

New Zealand FMA adds Ashwood Holdings Limited to its warning list

New Zealand Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Ashwood Holdings Limited. According to the regulator, Ashwood Holding Limited and www.ashwoodholdingsltd.com could be involved in a scam which is associated with Grace Investment, Regal Investment, and Duke Valentines Limited. It is…

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