Investor Alerts - Riseup Trade
| Company: | Riseup Trade |
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 18 Feb 2024 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/riseup-trade-suspected-scam/ |
| Subject: |
Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements Miscellaneous |
| Comments: |
We recommend caution when dealing with Riseup Trade and its website. Riseup Trade appears to be a platform for Foreign Exchange (Forex) trading. However, a New Zealand resident has reported their funds have been unreasonably withheld. The FMA considers Forex a derivative; entities offering such services in New Zealand are required to hold a derivatives issuer licence. Riseup Trade does not hold this type of licence, nor is it registered on the Financial Service Providers Register. Riseup Trade is not registered on the Companies Office registry, and we have found no information to show it is subject to regulation by any overseas regulator. Entity: Riseup Trade Website: clientzone.riseup-trading.com |