Financial Markets Authority

Year 2011Regulated by Government

The Financial markets Authority (FMA) is a New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets. The FMA also regulates securities exchanges, financial advisers and brokers, auditors, trustees and issuers - including issuers of KiwiSaver and superannuation schemes. It jointly oversees designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ). FMA is a member of New Zealand’s Council of Financial Regulators.

Disclose broker

Danger Unauthorized

ROITEKS

Disclosure summary

Disclosure matching Website matching
Disclosure time 2018-07-23
Reason for punishment Roiteks (otherwise known as Green Oak Limited) is not registered on the Financial Service Providers Register to provide financial services in New Zealand. We consider that the operations of the entity bear the hallmarks of a scam.

Disclosure details

Roiteks (otherwise known as Green Oak Limited)

23 July 2018 Roiteks (otherwise known as Green Oak Limited) SHARE THIS Roiteks (otherwise known as Green Oak Limited) is not registered on the Financial Service Providers Register to provide financial services in New Zealand. We consider that the operations of the entity bear the hallmarks of a scam. We therefore strongly recommend that you do not deal with the entity. We also note the warning by Australian Securities and Investments Commission (ASIC) in relation to this entity. WEBSITE: www.roiteks.com

Annex

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Sanction

2021-05-20

NFA orders Plymouth, Minn. introducing broker Roy E. Abbott Futures, Inc. to pay a $75,000 fine and approximately $198,000 in restitution to customers