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  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. The list is not exhaustive and there is no guarantee that the business or individual listed has not changed their name.

Before you invest, we recommend that you take steps to protect yourself from being scammed and check the provider is listed on the Financial Service Providers register (FSPR). The FSPR can help you:

You may also wish to refer to the IOSCO investor alert list for international scam alerts.

How to report a scam

Contact the FMA if the scam relates to an illegal investment offer or scheme. Please ensure you include your contact details so that we can be in touch.

Consumer Protection’s Scamwatch publishes a list of scam alerts. You can report a scam on their website too.

Department of Internal Affairs lists a range of scams by format, eg, email, text message, phone, fax and postal scams. You can report scams to them, including forwarding text message scams to the free shortcode 7726 (SPAM).

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 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 598 results. Displaying page 4 of 30

    3 November 2021

    tcnewhorizon.com

    Warning: We are concerned that www.tcnewhorizon.com (the website) may be operating a scam, as we have received report that this website is seeking NZ investors and are using TC New Horizon ICAV (TCNH), an Ireland-based company’s details to look legitimate. The operators of the websites are not registered in New Zealand to provide financial services or financial products. We recommend exercising caution when dealing with the website.

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

    • Imposter website
    • Suspected scam

    27 October 2021

    Bloom Wealth

    Warning: Bloom Wealth and the website www.bloom-wealth.com may be operating a scam. The website falsely states it is associated with Bloom Management Limited, an incorporated company in New Zealand. Bloom Wealth is not a registered financial service provider in New Zealand. As such, we recommend exercising caution when dealing with this entity.

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

    • Suspected scam

    20 October 2021

    Suspected scam involving persons purporting to be from the Financial Markets Authority

    Warning: The Financial Markets Authority (FMA) is aware of an individual cold calling New Zealand residents, purporting to be from Paytrust/Pay Trust and investigating a transaction on behalf of the FMA. The FMA does not make unsolicited outbound calls of this nature to members of the public. The FMA recommends anyone who receives unexpected contact in these circumstances hang up immediately.

    https://fma.cwp.govt.nz/news-and-resources/warnings-and-alerts/suspected-scam-involving-persons-purporting-to-be-from-the-financial-markets-authority/

    • Unregistered business
    • Suspected scam

    13 October 2021

    Pacific Forex Asset Management

    WARNING: We believe Pacific Forex Asset Management is operating a scam via https://pacificforexasset.io/ (the website). The website offers investment plans with guaranteed and unrealistically high returns to investors. We are aware of a New Zealand investor using the website to invest and being unable to withdraw their funds.

    https://fma.cwp.govt.nz/news-and-resources/warnings-and-alerts/pacific-forex-asset-management/

    • Unregistered business
    • International regulator alerts
    • Suspected scam

    11 October 2021

    TradeVtech / UMedia LLC

    WARNING: The FMA believes that TradeVtech/Umedia LLC is operating a scam. We have received a report about this entity advertising on Facebook by using likely false celebrity endorsements. Their website claims to be a Contract-for-Differences (CFDs*) provider trading in stocks, currencies, cryptocurrency, commodities, and indices. However, they are not registered and/or licensed to provide financial services/products in New Zealand.

    https://fma.cwp.govt.nz/news-and-resources/warnings-and-alerts/tradevtech-umedia-llc/

    • Suspected scam

    4 October 2021

    Avan Investment

    WARNING: The FMA is concerned that Avan Investment is involved in a scam. There are false and misleading claims on its website that Avan Investment is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and is authorised and regulated by the Financial Conduct Authority (FCA). We do not believe these statements are true.

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

    • Imposter website
    • Suspected scam

    29 September 2021

    merlingrouplimited.com

    The FMA recommends exercising caution before dealing with www.merlingrouplimited.com (the website). We are aware that the website is offering investment services/products using the company details, without permission, of an incorporated company in New Zealand, Merlin Group Limited. The website is not associated with nor authorised by the New Zealand company.

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