CashFX Group has obtained a securities fraud warning from New Zealand’s Monetary Markets Authority (FMA).
By including CashFX Group to its record of warnings and alerts, the FMA confirms the corporate isn’t licensed to supply securities in New Zealand.
Securities fraud is illegitimate in New Zealand. Accordingly the FMA ‘recommends exercising warning earlier than coping with Money Foreign exchange Group/ CashFX Group.’
New Zealand is the eleventh jurisdiction to situation a securities fraud warning in opposition to CashFX Group.
Securities fraud warnings have additionally been issued in the UK, Norway, the Bahamas, Panama, British Columbia (Canada), Quebec (Canada), Saskatchewan (Canada), Manitoba (Canada), New Brunswick (Canada) and Jersey.
CashFX Group is run by Huascar Lopez from the Dominican Republic.
The Ponzi scheme’s high promoters, Luigi Bruni and Justin Halladay, function from Canada and the US respectively.
Regardless of the above cited regulatory warnings, CashFX Group is primarily being promoted within the UK, the US and Norway (Alexa visitors estimates).