Investor Alerts - Stake Funds
| Company: | Stake Funds |
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 05 Jul 2023 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/stake-funds-unregistered-withholding-funds/ |
| Subject: |
Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Miscellaneous |
| Comments: |
We recommend exercising caution when dealing with Stake Funds and its website stakefunds.co. The website offers investment plans however is not registered to provide financial services in New Zealand. It is using the genuine address and registration details of a legitimate New Zealand company - Mercado Limited. The director of Mercado Limited confirms having no association with Stake Funds. We are also aware that Stake Funds is unreasonably withholding funds and requesting further funds before allowing withdrawals. ENTITY NAME: Stake Funds WEBSITE: www.stakefunds.co ADDRESS: Steve Brooks, 25d Churchill Street, Christchurch Central, Christchurch, 8013, New Zealand. EMAIL: [email protected] |