New Zealand FMA (Financial Markets Authority) Issues Warning Against Alliance Holdings Limited
In order to offer investment services and securities to the investors in New Zealand, the providers have to be approved by the regulators. This is where the Financial Markets Authority comes in and is responsible for regulating the firms. The allianceholdingslimited.com has been...
Just recently, the Financial Markets Authority (FMA), a major regulatory authority from New Zealand has issued a warning against Alliance Holdings Limited. The FMA has issued a warning for all the local investors in the country about being cautious about Alliance Holdings Limited.
In the warning, the Financial Markets Authority has announced that the investors need to be very cautious and alert when dealing with Alliance Holdings Limited. According to the FMA announcement, they are highly concerned about the funds of the investors currently part of or wishing to become part of the service provider.
The warning issued by the Financial Markets Authority has warned the investors that they may be running into a scam. The FMA has suggested that the operators of Alliance Holdings Limited may be involved in operating a scam.
allianceholdingslimited.com Using Fake Entity
The Financial Markets Authority has revealed that the website operator (website: allianceholdingslimited.com) is currently using the name of New Zealand-based company, Alliance Holdings Limited.
The FMA has made it clear that the particular website operator has no relation or connection with the New Zealand-based company whatsoever. This means that the website is currently misusing the name of the NZ-based company and it is misleading the investors.
According to the Financial Markets Authority, the operator neither has any approval nor authorization from the company, Alliance Holdings Limited, to offer their services and products.
Unrealistic Offerings by allianceholdingslimited.com
The FMA has warned the investors about the services it has been offering and how its services are raising the alarms. The warning reveals that the website has been offering services and investment plans that are very unrealistic.
The website is reportedly offering plans and returns to investors that are completely unrealistic. In the investment sector, a firm making promises about offering really high returns and gains is considered a scamming tactic by fraudulent operators.
The FMA has, therefore, shared its concerns and has warned the investors to be very vigilant and cautious when making investments through the operator. It means that investors making investments may simply be getting lured into fraud and an investment scam.
The operator of allianceholdingslimited.com is Not FMA Regulated
The FMA has also clarified, alerting the entire investors’ community that the particular operator is not regulated. This means that the platform has been offering its services without being regulated.
In order to offer investment services and securities to the investors in New Zealand, the providers have to be approved by the regulators. This is where the Financial Markets Authority comes in and is responsible for regulating the firms.
As the website is operating and providing its services without being regulated, then it means it has not acquired an operating license from the FMA. Such operators are always at the risk of putting the personal and financial information of the investors at great risk.
The allianceholdingslimited.com has been offering its services and securities without being regulated by the FMA. Therefore, it is highly recommended by the regulator that the investors must remain very cautious and alert when it comes to dealing with Alliance Holdings Limited.
As of now, Alliance Holdings Limited is not a registered entity in New Zealand, which means that it is unregulated and full of risks. The services and investment plans being offered by the platform are simply raising red flags for the investment community.
Therefore, the FMA has taken the liberty of alerting the entire investment community and making sure they are well-aware of and cautious of such operators.
Services Being Offered by allianceholdingslimited.com
The operator of allianceholdingslimited.com is reportedly offering investors to become part of cryptocurrency, stocks, bonds, and cannabis investments.
Through the website, the operator is claiming that there are zero transaction fees, 5% commission per referral, cloud crypto-mining, and unrealistic returns.
According to the website, investors can earn up to 3.5% returns on their investments on a daily basis. This is one of the major reasons that has led FMA to come to the conclusion that the platform may be running a scam.