The Financial Services and Markets Authority (FSMA) warns the public against the activities of Morgan Newfield, a company that offers investment services.
Morgan Newfield is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium.
Moreover, according to the information available to the FSMA, the activities proposed could be of a fraudulent nature, i.e. boiler room fraud. More information on this form of fraud is available in the general warning published by the FSMA on 18 July 2018.
The FSMA therefore strongly advises against responding to any offer of financial services made by Morgan Newfield and against transferring money to any account number it might mention.
Morgan Newfield uses the website www.morgannewfield.com and the following contact details:
Address: Taiwan, 8F.-1, No.51, Sec. 2, Keelung Rd., Xinyi Dist., Taipei 11052
Email: email@example.com; firstname.lastname@example.org
Tel.: +886 2 7741 4006; +886 2 7741 4003
Fax: +886 2 7741 4004
It also uses two bank accounts which it claims were opened in the name of Pine Hill Limited and Chengyu Trade Limited, respectively.
Morgan Newfield appears to have links to Burton Mills, a company about which the FSMA has also issued a warning.
Would you like to enquire more generally as to whether a transaction being proposed complies with the financial legislation? Please use the search function on the FSMA website. You can also contact the FSMA directly via the consumer contact form.