Foreign Investment and Acquisition Authority is a fake regulator, says the FMA

The Financial Markets Authority from New Zealand has warned that FIAA is not a real regulator.

The Foreign Investment and Acquisition Authority (FIAA) pretends to be the official financial regulator of New Zealand that oversees securities and commodities trading, among other activities.

But it is not true, FIAA is not a regulator, it has nothing to do with official authorities. It was created to cover some other scams like Kauri Ventures and Anaru and Partners.

The FMA has also warned against unregulated companies Everest International Group and Endeavour Capital Partners.

For trading we recommend using regulated brokers.