The Financial Markets Authority is warning the public against conducting business with or through an entity FX Promax Limited (which is not registered on the New Zealand Companies Register and it is not a registered financial service provider) and its associated website FXpromaxltd.com.
FMA believes that the information on the website concerning the business’ founders is fictitious and it is not currently operating from its purported New Zealand address, which is stated to be 350 Queens Street, Auckland.
The website names two New Zealanders as officers of FX Promax Limited. The named individuals are owners of a similarly-named New Zealand registered company but are not associated in any way with the operations of FX Promax Ltd or its website, nor is their conduct under investigation by FMA.
FMA is concerned that FX Promax Limited and related people or entities may be soliciting funds from members of the public, and warns New Zealanders not to invest in the entity or its products.
If you have invested with FX Promax Limited or a related person or entity, FMA would like to hear from you. Please contact our helpline on 0800 434 567.