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

MGS Finance

Disclosure summary

Disclosure matching Website matching
Disclosure time 2024-03-04
Reason for punishment Unregistered business, unreasonable withholding of client funds

Disclosure details

Medium Global Strategy – Unregistered business, unreasonable withholding of client funds

Medium Global Strategy – Unregistered business, unreasonable withholding of client funds We are aware of an investor who invested with Medium Global Strategy and is now unable to withdraw their funds. Medium Global Strategy has denied them access to withdrawals unless upfront fees are paid. We note that Medium Global Strategy is not registered or licensed to provide its services to New Zealand residents. We recommend caution when dealing with Medium Global Strategy. Entity Name: Medium Global Strategy Addresses: Suite 701 Level 7, 77 Castlereagh Street, Sydney NSW 2000, Australia Email addresses: cs@mgs-financial.com Website: https://www.mgsfin.com/

Annex

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More regulatory disclosure

Danger

2024-01-10

Liberty Commercial Finance Limited – Overseas warning