Finanex called possible scam by New Zealand FMA
New Zealand financial regulator the FMA has issued a notice that a crypto trading platform called Finanex Limited (at website finanex.net) is falsely claiming to be authorised in New Zealand to provide financial services. Finanex Limited is not a registered financial service provider in New Zealand.
The regulator added that Finanex is also making statements regarding the returns an investor would receive from their financial service that appear to be false and misleading and/or unsubstantiated.
The FMA is concerned that Finanex Limited may be operating a scam, and recommend caution when dealing with them and their website.