FMA Steps Up Call For Oversight Against FX Products, Services
Posted: Mon Apr 11, 2016 9:34 am
After receiving more than 2,000 complaints since July 2014, the Financial Markets Authority (FMA) is warning investors to step inside the regulatory tent for their own protection.
New Zealand’s Financial Markets Authority (FMA), the country’s main watchdog organization, has stepped up its call to bring in investors within its regulatory mantle, given the staunch uptick in complaints over the past few years – climbing to over 2,000 since mid 2014.
Like many other regulatory jurisdictions such as the UK, Australia, and continental Europe, New Zealand has had a large number of complaints in relations to scams from unregistered or unlicensed companies, ... (read more)