New Zealand’s FMA Flags Fake Regulator and Two Potential Scams

[kreslik.news]

New Zealand’s Financial Markets Authority (FMA) has updated its warning list today. The firms flagged by the regulator are Capital Management, Haig, Lafferty & Partners and the fake regulator Securities Authority of New Zealand.

The Securities Authority of New Zealand has come into the watchdog’s radar for claiming to be a legitimate financial services regulator in the country when, in fact, it is not. The fake watchdog has been endorsing products and services from suspected scams, such as Haig, Lafferty & Partners.

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The illegitimate securities regulator operates from www.sanz-gov.nz and claims ... (read more)