New Zealand’s Financial Markets Authority (FMA) has published a warning on its website today which blacklists Prosperous International Limited.
The watchdog has warned that the entity is not registered on the Financial Service Providers Register and is, therefore, not allowed to offer or provide financial services to residents in New Zealand.
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The regulator warns that customers of this company will not have access to a Dispute Resolution Scheme. This means, should something go awry, the FMA will not be able to provide any assistance.
Prosperous International Limited
Prosperous International Limited is a financial services organization which claims to be headquartered in Auckland, with branches in Hong Kong, Shanghai, and Sydney. The broker allows customers to trade foreign exchange, securities, futures, and funds.
The firm operates through its website www.forexnz.co.nz and lists its address as Level 1, 175 Queen Street, Auckland Central 1010.