FX United to be deregistered by NZ Companies Office
In an attempt to offer pseudo-legitimacy to their scheme, FX United registered themselves as a corporation in New Zealand.
The idea was that nobody would ask questions and FX United’s anonymous admins could run the scheme from an undisclosed location.
Things started to fall apart earlier this month, after the Financial Markets Authority (FMA) issued a warning against the company.
According to the FMA, they issue a warning when a registered company is
the subject of complaints about loss of investor funds, or other serious misconduct that suggests customers may lose money.
Specifically, the FMA’s May 4th warning against FX United was issued because
United Global Holdings Limited, trading as FX United, has been falsely claiming that the FMA has endorsed the company as being legitimate and highly regulated.
For those unfamiliar with the company, FX United solicit investments of up to $10,000 on the promise of a passive 150% ROI.
Naturally, registration with a securities regulator is mandatory in any markets FX United operate in.
Now FX United troubles with New Zealand regulators continues, with the Registrar of Companies threatening to remove FX United from the Companies Office register.
Notice of intention to remove companies from the register
I intend to remove the following companies from the Register under section 318(1)(ba) of the Companies Act 1993 on the grounds that the companies failed to respond to a requirement made under section 365(1)(caaa) or (c) of the Act.
BLESSING LIFE LIMITED | 5827907
EZYMART LIMITED | 5872824
MAXFIT TRUSTEES LIMITED | 5737831
PRODJECT LIMITED | 3404475
UNITED GLOBAL HOLDINGS LIMITED | 5247841
It’s likely the FMA’s warning triggered information requests from the Companies Office, which it appears FX United have thus far failed to respond to.
The Registrar of Company has set a deadline of June 17th, after which FX United will be struck from the register.