A misleading advertisement popping up on the social media feed of a Financial Markets Authority staffer saw the regulator spring into action against a licensed derivatives issuer.
But the company, Rockfort Markets, said it is disappointed by the action and did not intend to mislead anyone.
The FMA today issued a direction order to Rockfort Markets to remove or amend misleading advertising on its social media channels and website.
This, it said, created a misleading impression that derivatives trading was safe, when in the FMA’s view derivatives – particularly contracts for difference (CFDs) as offered by Rockfort – were inherently
