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Skyline
On February 17, 2025, the New Zealand Financial Markets Authority (NZ FMA) released a warning list, advising investors to stay vigilant about 96 suspicious investment websites including Skyline. https://www.fma.govt.nz/library/warnings-and-alerts/network-of-fake-online-investment-platforms/
On February 17, 2025, the New Zealand Financial Markets Authority (NZ FMA) released a warning list, advising investors to stay vigilant about 96 suspicious investment websites including Skyline. https://www.fma.govt.nz/library/warnings-and-alerts/network-of-fake-online-investment-platforms/Skyline copies the licensing information of Star Funds Management Pty Ltd to create the illusion of being authorized by the Australian Securities and Investments Commission (ASIC). In fact, The ASIC licensee bears no responsiblity for Skyline. The New Zealand Financial Markets Authority (NZ FMA) has blacklisted the Skyline for fraudulent activities.
In essence, Skyline is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Skyline appears to be a scam.
Skyline copies the licensing information of Star Funds Management Pty Ltd to create the illusion of being authorized by the Australian Securities and Investments Commission (ASIC). In fact, The ASIC licensee bears no responsiblity for Skyline. The New Zealand Financial Markets Authority (NZ FMA) has blacklisted the Skyline for fraudulent activities. In essence, Skyline is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Skyline appears to be a scam.
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