FMA Warns Against Huang Investments’ Illegal Conduct
- The New Zealand regulator joins the SFC in warning against the dubious firm.
The Kiwi regulator the Financial Markets Authority (FMA) has issued a warning regarding Huang Investments Limited, also known as Huang International. The FMA stated that it recently received reports that the brokerage is making cold calls in order to soliciting traders in New Zealand. The regulator further noted that the Securities and Futures Commission (SFC) has also issued a warning regarding the broker in Hong Kong.
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The FMA mentioned reports regarding Huang Investments’ withholding of traders’ funds, for which it offers either questionable explanations or none at all. The broker is not authorized to offer financial services in New Zealand, and the regulator strongly advises traders to exercise caution when dealing with it.
The SFC's warning against the broker, which is also unauthorized in Hong Kong, has not stopped it from targeting local clients. Huang Investments claims to have an office at 4 Carnarvon Road, Tsim Sha Tsui, Kowloon, Hong Kong. The SFC, however, maintains that the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term company does not have an office at this location. In addition, the company website’s servers appear to be unavailable. Huang Investments uses a bank account in Hong Kong under the name Nero Holdings Limited for Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term purposes.
About two weeks ago, the FMA warned against trading with Bulgaria-based Stern Options, a binary options brokerage which also identifies as Stern Binary Options. This online trading company had been soliciting traders despite being unauthorized to operate in New Zealand.
The Kiwi regulator the Financial Markets Authority (FMA) has issued a warning regarding Huang Investments Limited, also known as Huang International. The FMA stated that it recently received reports that the brokerage is making cold calls in order to soliciting traders in New Zealand. The regulator further noted that the Securities and Futures Commission (SFC) has also issued a warning regarding the broker in Hong Kong.
The London Summit 2017 is coming, get involved!
[gptAdvertisement]
The FMA mentioned reports regarding Huang Investments’ withholding of traders’ funds, for which it offers either questionable explanations or none at all. The broker is not authorized to offer financial services in New Zealand, and the regulator strongly advises traders to exercise caution when dealing with it.
The SFC's warning against the broker, which is also unauthorized in Hong Kong, has not stopped it from targeting local clients. Huang Investments claims to have an office at 4 Carnarvon Road, Tsim Sha Tsui, Kowloon, Hong Kong. The SFC, however, maintains that the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term company does not have an office at this location. In addition, the company website’s servers appear to be unavailable. Huang Investments uses a bank account in Hong Kong under the name Nero Holdings Limited for Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term purposes.
About two weeks ago, the FMA warned against trading with Bulgaria-based Stern Options, a binary options brokerage which also identifies as Stern Binary Options. This online trading company had been soliciting traders despite being unauthorized to operate in New Zealand.