Investor Alerts - Staxom
| Company: | Staxom |
|---|---|
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 06 Aug 2024 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/staxom/ |
| 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 understand Staxom provides trading services in forex and stocks. Staxom’s operation has the hallmarks of scams, in particular: they unreasonably withhold client funds; they ask investors to pay endless fees for funds withdrawal; they cease communication with investors when investors refuse to pay the fees; and they offer unrealistic return on investment. We are aware of a New Zealand resident who was convinced to invest with Staxom by a person they met on social media. The investor is not able to withdraw funds they invested even after paying the fees required. Staxom is not registered to provide financial services in New Zealand. It is therefore operating in breach of New Zealand financial markets legislation. We recommend caution when dealing with Staxom and people who approach you online through social media recommending investment opportunities. Website: staxom.org Emails: [email protected]; [email protected] |
