Financial Markets Authority

17 October 2022 Cedar Financial Limited in breach of New Zealand financial markets legislation SHARE THIS FMA are concerned that Cedar Financial Limited (Cedar) that operates the website https://cedarfinancial.ltd is falsely claiming to be a New Zealand based company and is operating in breach of New Zealand financial markets legislation. We received a report from a member of the public who was unable to withdraw funds invested with this entity. The person was required to pay $1,050 for an “insurance deposit” and a further $750 in order to process funds withdrawal from their trading account. The New Zealand address listed on its website belongs to a New Zealand registered company with the same name Cedar Financial Limited (NZBN: 9429042502296). The New Zealand registered company has confirmed that they are not associated with Cedar or its website. Further, Cedar is providing financial services that require them to be registered as a financial service provider in New Zealand. We note that Cedar is not registered and therefore it is not permitted to provide financial services in New Zealand and/or from a place of business in New Zealand. Entity name: Cedar Financial Limited Email: support@cedarfinancial.ltd Website: cedarfinancial.ltd