Riaz Valani is on the board of Evoq Properties, Inc. Member of The Indus Entrepreneurs and General Partner at Global Asset Capital LLC. He previously held the position of Riaz patel forex cargo for IMDiversity, Inc.
Managing Director at Global Entertainment Corp. Is there anything wrong with this page? What is wrong with this page? For example, information is missing or incorrect.
WSD group of companies, executing search warrants at WSD Group’s premises at 475 Mount Eden Road and a private residence in Glendowie earlier today. WSD was, until recently, controlled by former Wall Street Banking Corporation Director, Riaz Patel. Limited, WSD Financial Group Limited and others. WSD Global Markets Limited is accredited as an NZX Futures and Option Firm. None of the other entities are accredited or regulated by NZX. SFO Chief Executive, Adam Feeley said the investigation had been coordinated closely with the NZX and Securities Commission. New Zealand has developed a sophisticated, unrestrictive business environment that competes aggressively in world markets.
Geographically New Zealand has the advantage of being the first country to start the trading day being midway between the USA and Asia. Most of the investors in WSD are overseas residents, so it is important that the SFO does all it can to protect New Zealand’s reputation amongst both domestic and international investors as a well-regulated and safe place to invest. The investigation centers on allegations WSD has failed to correctly account to investors for funds received. In 2008 the Cook Islands Financial Supervisory Commission placed WSBC in statutory management and revoked the banking licence with effect from 31 December 2009. There is a misconception that the SFO has previously investigated WSBC. In 2008 we simply to provided assistance to the foreign authorities who were investigating WSBC. The file was closed once that role had been fulfilled.