FSB warns about Wealth Migrate

The Financial Services Board (FSB) has noted recent claims that an entity called Wealth Migrate holds an FSB licence.

Wealth Migrate is said to be involved in so called crowd funding.  The FSB would like to clarify that it does not have any record of the entity, and has not issued a licence to Wealth Migrate. The company is also not a juristic representative of an authorised financial services provider. Crowd funding is an activity that falls outside of the regulatory net of the FSB.