The FMA New Zealand warns against Managed Forex Hub Limited

Reason:
Misleading
Content of Penalty:

The FMA is concerned about misleading or deceptive statements made by Managed Forex Hub Limited through its website www.managedforexhub.co.nz.  Managed Forex Hub Limited made representations on its website regarding a related entities registration on the Financial Service Providers Register, that Managed Forex Hub Limited had full discretion over the trading and management of trade strategies that were offered, and that Managed Forex Hub Limited belonged to a dispute resolution scheme; the FMA considers that these representations were misleading or deceptive, or were likely to mislead or deceive.

Date: 14/05/2018
Link: https://fma.govt.nz/news-and-resources/warnings-and-alerts/fma-warning-notices-and-alerts/formal-warning-andrew-james-sturge/

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