New Zealand FMA Warns of the tradevtech.net Website as a Possible Fraud

New Zealand financial regulator Financial Markets Authority (FMA) has warned about the tradevtech.net website operated by UMedia LLC, which it says is a scam. The regulator said it had received information that the company had ads on social media using false recommendations from celebrities. The FMA emphasizes that this company is not registered and licensed to provide financial services / products in New Zealand. Several other regulators, including those in the United Kingdom and Malta, have also warned about the fraudulent website tradevtech.net earlier this year.