NZ markets watchdog warns over Facebook IPO scam
The Financial Markets Authority is warning the public of an illegal offer by Makko Securities and its Senior Account Manager, Roy Lochen
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The Financial Markets Authority is warning the public of an illegal offer by Makko Securities and its Senior Account Manager, Roy Lochen, to provide broking services in relation to the proposed Initial Public Offering of Facebook and other securities.
Makko Securities is not registered to provide financial services in New Zealand and therefore cannot legally offer financial advice or broking services to retail investors in New Zealand.
FMA notes that no shares in Facebook are available to the public at this time, and that any offer of shares in Facebook is therefore likely to be a scam. Any initial offer of shares in Facebook in New Zealand would have to meet the requirements of the Securities Act (1978).
Makko Securities is a company purporting to have offices in London, Singapore and the Cayman Islands.
FMA reminds the public that they can search the Financial Service Providers Register to ensure that anyone offering to broker shares, or to provide financial advice on shares, is properly registered. FMA encourages investors to seek financial advice in relation to investing in shares from an Authorised Financial Adviser.
NBR staff
Wed, 29 Feb 2012
Wed, 29 Feb 2012
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NZ markets watchdog warns over Facebook IPO scam
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