FMA orders FX firm Cambrian to change 'misleading' marketing

Fri, 20 May 2016

By Paul McBeth May 20 (BusinessDesk) - The Financial Markets Authority has issued a direction order to foreign exchange education firm Cambrian Corp to change the way its markets itself, which the market watchdog said was either misleading or deceptive and made unsubstantiated claims about its services. The market supervisor's notice orders Auckland-based firm to ensure all marketing materials make clear that FX trading "cannot be relied upon to provide substantial profits quickly and consistently", is high risk, and that those risk disc...

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