New Zealand's FMA Warns Against Financial Services Firm Carlton Church

New Zealand’s Financial Markets Authority (FMA) today updated its warning list to include Carlton Church, a provider of investment products and services, for carrying out unlicensed financial activities.

The latest update follows last month's addition of FM Trader, another broker to have been flagged for soliciting its services without a licence.

Unregistered Entity

The FMA received reports that Carlton Church has been cold-calling New Zealand residents offering the chance to purchase US listed Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term when it is not registered to provide financial services in New Zealand.

Carlton Church operates online via the website www.carlton-church.net where the firm lists its contact details including offices which are based in Japan and Cyprus.

Upon further investigation, Finance Magnates was unable to find any evidence of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term by any other jurisdiction.

FMA Warnings and Alerts

The FMA uses warnings and alerts to respond quickly when it believes investors may be at risk. The warnings are designed to alert investors, censure the business or individual concerned, and help the public understand the standards of behaviour expected to conduct business in New Zealand.

Businesses and individuals are named on this list if they are not registered to provide financial services in New Zealand, have had the FMA enforce action against them for misconduct, have either not responded or not provided a satisfactory response to a request for information, or have received a warning notice from the FMA.

Carlton Church is the latest company to be added to its list of overseas businesses marketing financial services to New Zealanders without being registered and the FMA has thus recommended that the public does not invest money through this business.