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Derivatives issuer ‘disappointed’ with FMA order on advertising – The National Business Review

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