Crowd1 securities fraud warning issued in New Zealand

A Crowd1 securities fraud warning has been issued by New Zealand’s Financial Markets Authority.

The FMA’s June 5th warning cites Crowd1’s Spanish corporate address and states

We recommend exercising caution before dealing with Crowd1 and Impact Crowd Technology S.L. as they are not registered companies or financial service providers in New Zealand.

Crowd1 offers a passive investment opportunity
. The company is not registered to offer securities in any jurisdiction.

Similar regulatory action against Crowd1 has been taken in
Norway
,
Namibia
,
Paraguay
, the
Philippines
,
Mauritius
and
Gabon
.

🤖 Quick Answer

What securities fraud warning did New Zealand's Financial Markets Authority issue regarding Crowd1?

Which countries have taken regulatory action against Crowd1?
Regulatory action against Crowd1 has been implemented in Norway, Namibia, Paraguay, the Philippines, Mauritius, and Gabon, alongside New Zealand's warning from the Financial Markets Authority.

What type of investment opportunity does Crowd1 advertise?
Crowd1 offers a passive investment opportunity to potential investors, though the company lacks proper registration and regulatory authorization to conduct such financial activities.

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