1. News and resources
  2. Warnings and alerts

Warnings and alerts

This list contains the names of businesses or individuals you should be wary of if you are planning to invest. 

Once on our lists, businesses or individuals regularly change their name. If a name doesn’t appear, it’s not a guarantee they are safe.

Before you invest, we recommend you check the provider is licensed and read our steps to protect yourself from scams.

For warnings issued before May 2011, please, refer to the archive.

IOSCO investor alerts list

IOSCO Investor alerts list

IOSCO receives alerts and warnings from its members about firms which are not authorized to provide investment services in the jurisdiction which issued the alert or warning.

How to report a scam

We publish a warnings list of known investment scams. But be aware that scammers regularly change their names. Just because a name is not on our warning list it doesn’t mean they’re not a scam. Look out for these warning signs of scams.

You can call or email us to report a scam:

Call

Phone: 0800 434 566  

Overseas callers: 00 64 3 962 2698

Our lines are open:

  • Monday to Thursday - 8:30 am to 5:00 pm 
  • Friday - 9:00 am to 5:00 pm

Email

If you have a question or a complaint, please email us at questions@fma.govt.nz

Please ensure you include your contact details so that we can be in touch.

How to request that a warning be removed

If you believe that a warning has been published in error, or there are other good reasons for us to take down a warning that has been published, please contact us, providing the following information:

  • your contact details
  • the warning you would like removed
  • your reasons why the FMA should take down the notice
  • evidence to support your reasons.

We will assess your request and, if appropriate, remove the notice as soon as possible. The more information you provide, the easier it will be for us to act quickly.

We may contact and consult with other people who have an interest in the outcome of a request to remove a warning.

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Found 480 results. Displaying page 1 of 24

    • Suspected scam

    26 March 2021

    BitQT

    We are concerned that BitQT could be operating a scam. We have been made aware of a misleading advertisement on Facebook which links to an article misappropriating Stuff’s branding. This article promotes BitQT by claiming well-known New Zealanders and overseas public figures are investing in it. This is not a genuine Stuff.co.nz article and the claims made in the article are incorrect.

    https://fma.cwp.govt.nz/news-and-resources/warnings-and-alerts/bitqt/

    • Unregistered business

    2 March 2021

    Crypto Currency Trading Group

    We are concerned that Crypto Currency Trading Group is actively seeking to provide financial services to NZ retail investors but is not registered on the Financial Service Providers Register (FSPR) as a financial service provider and is not a member of an approved Dispute Resolution Scheme, as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (FSP Act).

    https://fma.cwp.govt.nz/news-and-resources/warnings-and-alerts/crypto-currency-trading-group/