FMA Issues Warning Against topmarketcap.com and equitycorp.org


May 6, 2021, | AtoZ MarketsThe New Zealand Financial Regulator (FMA) has issued a serious scam alert regarding two websites targeting investors and traders: TopMarketCap (whose website is topmarketcap.com) and Equity Corp (whose website is equitycorp.org).

The FMA stated that it has been receiving reports from TopMarketCap investors that they cannot withdraw their funds. The company does not hold a Derivatives Issuer License and is not a New Zealand registered financial services provider nor is it licensed by the FMA (or, anywhere else, as far as we know).

Referring to the company Equity Corp, the regulator has said that it considers it a scam, since equitycorp.org is not a provider of financial services registered in New Zealand, and they cannot offer financial services to residents of the country.

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