FMA are aware that seminars have been held in New Zealand to promote the products and services of Validus.
We are concerned that Validus is operating in breach of the New Zealand financial markets legislation, in particular, Validus is providing financial services in New Zealand without registration as a financial service provider as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008. We strongly recommend that investors do not trade or invest with entities that are not registered and/or licensed in New Zealand.
Validus has advised the FMA that their official website is https://teamvalidus.com, and that the websites and contact information listed below are not connected with them:
Websites: https://teamsvalidus.com/; https://validus-team-official.com/
Phone: 191062685255; +192083885366
Email: [email protected]
Legal Name: Validus International LLC; Validus- FZCO
Trading Name: Validus
Websites: https://teamvalidus.com/
Address: 403S, 1013 Centre Road, Wilmington, DE 19805, Delaware
2 May 2023
The FMA made a Permanent Stop Order against Validus. The order means Validus and associated persons of Validus cannot offer financial products in New Zealand. Validus appealed the order in the High Court which was dismissed.
Related media releases: FMA makes permanent stop order against Validus after appeal is dismissed in the High Court
Previous warning: 15 September 2022
FMA are aware that seminars have been held in New Zealand to promote the products and services of Validus.
We are concerned that Validus is operating in breach of the New Zealand financial markets legislation, in particular, Validus is providing financial services in New Zealand without registration as a financial service provider as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008. We strongly recommend that investors do not trade or invest with entities that are not registered and/or licensed in New Zealand.
