The FMA has directed derivatives company Rockfort Markets to change its advertising. Photo / FileThe Financial Markets Authority (FMA) has directed licensed derivatives issuer Rockfort Markets to remove or amend what it said were misleading advertising statements on its social media channels and website. The FMA identified that certain Rockfort advertisements did not include this statement, and other advertising was inconsistent with the PDS. Derivatives issuers advertising to retail investors should not create the impression that derivatives are a 'safe' investment," he said. It's complex, high-risk and is generally not going to be a safe for most retail investors," Greig told the Herald.

Source: New Zealand Herald March 23, 2021 21:23 UTC