Investor Warnings

The FMA may publicly disclose that a provider is not authorised to carry out activities that require a licence. The main purpose of taking this step is to protect investors. It is a step that is taken when a provider acts without permission. However, this does not necessarily mean that this provider is acting in a fraudulent manner. These warning notices can be found in the National Warnings section. In addition, the FMA also publishes announcements made by foreign authorities. These can be found in the International Warnings section. Here can be found further reading on Unauthorised Business.

Additionally to the warning above IOSCO (The International Organization of Securities Commissions) - with the FMA as one of their members - offers more investor warnings. Here you can find those warnings with emphasis on securities market. You can also find warnings of ESMA (European Securities and Markets Authority).