New Zealand’s FMA Warns Against Fake Regulator and Unregulated Firm

[kreslik.news]

After receiving several complaints, New Zealand’s Financial Markets ‎Authority (FMA) today warned investors against being offered products and ‎services from a clone website called “Securities and Acquisition Conduct ‎Commission,” which tries to usurp the identity of the regulator itself in order to ‎give the appearance of trustworthiness and legitimacy.‎

The financial watchdog today updated its warning list by blacklisting ‎www.sacc-govt.org, which claims to be a New Zealand financial services ‎regulator. The FMA said that the clone regulator ‎impersonates the organization in many areas and context. ‎

The SACC’s website is listing a few names of FMA’s ‎brokerage members, many of whom have ... (read more)