New Zealand's FMA Flags TradeVtech / UMedia LLC
The New Zealand's Financial Markets Authority (FMA) today published a warning on its website against TradeVtech / UMedia LLC.
The firm is using or giving the following details:
Website: www.tradevtech.net
Address: First Floor St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines
Email: cs@tradevtech.email; tony.h@tradevtech.email
Phone: +41225013066; +43720971750
As detailed in the notice, the regulatory body said that the suspicious entity may be operating a scam. It has received a report about this entity advertising on Facebook using false celebrity endorsements.
As seen on its website, TradeVtech / UMedia LLC claims that it is a Contract-for-Differences (CFDs) provider trading in stocks, currencies, cryptocurrency, commodities, and indices.
FMA highlighted that the entity is not registered or licensed to provide financial services/products in New Zealand. It recommends exercising caution when dealing with this entity.
As Fazzaco reported earlier, FMA has issued a warning against HyperFund. The watchdog has received reports of them recruiting affiliate investors in New Zealand.
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