A Crowd1 securities fraud warning has been issued by New Zealand’s Financial Markets Authority.
The FMA’s June 5th warning cites Crowd1’s Spanish corporate address and states
We recommend exercising caution before dealing with Crowd1 and Impact Crowd Technology S.L. as they are not registered companies or financial service providers in New Zealand.
Crowd1 offers a passive investment opportunity. The company is not registered to offer securities in any jurisdiction.
Similar regulatory action against Crowd1 has been taken in Norway, Namibia, Paraguay, the Philippines, Mauritius and Gabon.