We are concerned that pribizco.com and pbfx.asia (the websites) are involved in a scam. We have received a report from an overseas investor that the representatives of these websites have been guaranteeing profits to lure customers via WeChat.
We recommend exercising caution when dealing with these websites.
The websites claim to provide online trading services specializing in derivatives such as stock index, metal, commodities, CFDs and foreign exchange margin trading.
The websites are holding out as being operated by Prime Business Co. Limited, a New Zealand incorporated company and a registered financial service provider. The Director of Prime Business Co. Limited has confirmed that the entity is not associated with these websites.
The websites are using Prime Business Co. Limited’s FSPR registration number, without the entity’s consent, as a form of authorisation to provide financial services which is incorrect and can mislead investors. One of the websites also falsely claims to be regulated by the FMA.