Financial Markets Authority

Year 2011Regulated by Government

The Financial markets Authority (FMA) is a New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets. The FMA also regulates securities exchanges, financial advisers and brokers, auditors, trustees and issuers - including issuers of KiwiSaver and superannuation schemes. It jointly oversees designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ). FMA is a member of New Zealand’s Council of Financial Regulators.

Disclose broker

Danger Unauthorized

Octavus Trade

Disclosure summary

Disclosure matching Website matching
Disclosure time 2022-09-15
Reason for punishment The entity is not a registered financial service provider in New Zealand.

Disclosure details

Investor alert: Octavus Trade Limited is not registered in New Zealand

15 September 2022 Investor alert: Octavus Trade Limited is not registered in New Zealand FMA recommends exercising caution when dealing with Octavus Trade Limited and octavus.trade (the website). Octavus Trade Limited is not a registered financial service provider in New Zealand. The website contains a forged New Zealand company Certificate of Incorporation and AMI Certificate of Insurance. It claims to offer investment returns which appear to be unrealistically high. The entity is falsely claiming to be a New Zealand incorporated company. The forged Certificate of Incorporation displayed on the website contains the company number: 8381101 and NZBN: 9429050607655 which belong to Terra Octavus Limited, a New Zealand incorporated company. The website has also displayed a forged AMI Certificate of Insurance with fake customer number. Octavus Trade Limited claims to have AMI Liability insurance covers but Insurance Australia Group Limited has confirmed that their business division, AMI has not provided such insurance covers to Octavus Trade Limited, nor is this entity a customer of AMI. Entity name: Octavus Trade Limited (also known as Octavus Trade Solution) Email: admin@octavus.trade Website: octavus.trade Facebook account: “Real Earnings24”

Annex

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More regulatory disclosure

Danger

2022-12-05

Suspected scam involving IKICI