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Warnings and alerts

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About the warnings and alerts list

This list contains the names of businesses or individuals you should be wary of if you are planning to invest. You can also check other international regulator websites.

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.

If you need to report a scam you can contact us. You can also request for a warning to be removed.

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

List categories

Unregistered 

The business/person is not registered on the Financial Service Providers Register to provide financial services in New Zealand. Their customers will not have access to a dispute resolution scheme .

Fake regulator 

We think the organisation’s claims to be a regulator in New Zealand or another jurisdiction are false and they are not a legitimate regulator. 

Suspected Scam 

We think the operations of the business/person bear the hallmarks of a scam. We strongly recommend that you do not deal with them.

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 353 results. Displaying page 1 of 18

    • Unregistered business

    1 October 2019

    Forexbrokerz

    We are concerned that statements on Forexbrokerz’s website, https://www.forexbrokerz.com/ have the potential to mislead investors on the extent the New Zealand financial service providers listed on the website are regulated/licensed in New Zealand, the existing regulatory framework in New Zealand and/or about the role of the FMA.

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

    • Suspected scam

    1 October 2019

    Persons providing false FMA documentation in suspected scam

    The FMA is aware that false letters and receipts featuring the FMA logo and staff names have been used overseas to solicit money. The false letters claim that a mandatory fee is payable to enable the FMA to obtain official documents and facilitate the approval of loan funds. The correspondence is fictitious and characteristic of advance fee fraud. The FMA does not undertake activities of the type described in the letter and would never ask individuals or entities for money for activities or transactions of this type.

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

    • Suspected scam

    10 September 2019

    TradeLTD

    The FMA recommends exercising caution before dealing with TradeLTD and the website www.tracleltd .co m as TradeLTD is not listed on the FSPR and Is not an incorporated company in New Zealand. Individuals from TradeLTD have been contacting New Zealand residents with investment offers and withholding client funds. This has the hallmarks of a scam.

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

    • International regulator alerts
    • Suspected scam

    4 September 2019

    Coinbrokerz

    We are concerned that Coinbrokerz has the hallmarks of a scam, including withholding clients' funds, requesting clients to transfer additional funds before being able to withdraw investments and requesting funds to be sent tomultiple bank accounts that do not match Coinbrokerz's name.

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