The FMA is aware that a New Zealand investor is unable to withdraw the funds they invested with Cambridge Asset Management. The investor is required to make a large tax payment before funds can be withdrawn.
We note that Cambridge Asset Management is providing financial services (including CFDs trading) to New Zealand clients but it does not hold a Derivatives Issuer Licence under the Financial Markets Conduct Act 2013 or is registered as a financial service provider in New Zealand as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
We recommend that investors exercise caution when dealing with Cambridge Asset Management.
Name: Cambridge Asset Management
Email: [email protected]