CashFX Group has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA).

By adding
CashFX Group
to its list of warnings and alerts, the FMA confirms the company is not licensed to offer securities in New Zealand.

Securities fraud is illegal in New Zealand. Accordingly the FMA
‘recommends exercising caution before dealing with Cash Forex Group/ CashFX Group.’

New Zealand is the eleventh jurisdiction to issue a securities fraud warning against CashFX Group.

Securities fraud warnings have also been issued in
the UK
,
Norway
,
the Bahamas
,
Panama
,
British Columbia
(Canada),
Quebec
(Canada),
Saskatchewan
(Canada),
Manitoba
(Canada),
New Brunswick
(Canada) and
Jersey
.

CashFX Group is run by Huascar Lopez from the Dominican Republic.

The Ponzi scheme’s top promoters, Luigi Bruni and Justin Halladay, operate from Canada and the US respectively.

Despite the above cited regulatory warnings, CashFX Group is primarily being promoted in the UK, the US and Norway (Alexa traffic estimates).

🤖 Quick Answer

What is CashFX Group and why did New Zealand's FMA issue a warning?
CashFX Group is an unlicensed financial services company operated by Huascar Lopez from the Dominican Republic. New Zealand's Financial Markets Authority issued a securities fraud warning confirming the company lacks proper licensing to offer securities, marking the eleventh jurisdiction to take similar action against the organization.

Which countries have issued securities fraud warnings against CashFX Group?
Securities fraud warnings against CashFX Group have been issued by eleven jurisdictions: New Zealand, the United Kingdom, Norway, the Bahamas, Panama, British Columbia, Quebec, Saskatchewan, Manitoba, New Brunswick, and Jersey, reflecting widespread regulatory concerns globally.

What does the FMA recommend regarding CashFX Group?
New Zealand's Financial Markets Authority recommends exercising caution before engaging with CashFX Group or Cash Forex Group. The warning emphas

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