Investor Alerts - CFX Finance - Imposter websites, suspected scam

Company: CFX Finance - Imposter websites, suspected scam
Regulator: Financial Markets Authority
Jurisdiction: New Zealand
Date: 03 Jul 2024
Link: https://www.fma.govt.nz/library/warnings-and-alerts/cfx-finance/
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 are aware of an investor who has sent money to CFXFinance.com and is now unable to withdraw funds. We are concerned that CFXFinance.com and its associated websites (listed below) are operating a scam and recommend caution when dealing with them. CFXfinance.com and its associated websites are misusing company information from registered New Zealand companies, including CFX Finance Ltd (NZBN: 9429048840392) and Oxford Holdings (No. 46) Ltd (NZBN: 9429030699595). These entities have confirmed no association with CFXFinance.com or the associated websites. These websites claim to offer managed investment plans, cryptocurrency investments, and credit card lending, but are not permitted to carry out these activities in New Zealand as none are registered on the Financial Service Providers Register (FSPR), as required by New Zealand financial markets legislation. We are aware of CFXFinance.com promoting its services to consumers through private messages on the Telegram Messenger platform. ENTITY NAME: CFX Finance WEBSITE: CFXFinance.com ASSOCIATED WEBSITES: Oxfordholdingltd.net; summersetholdinglimited.com; crypto-profithub.com ADDRESS: (Alleged) Suite 1.30 Level 1, 2-8 Osbourne Street, Auckland, 1023, New Zealand EMAIL: [email protected]; [email protected]; [email protected]; [email protected]