FMA warning notices and alerts

The FMA uses warnings and alerts to respond quickly when we think investors may be at risk. FMA warnings are designed to alert investors, censure the business or individual concerned, and help others to understand the standards of behaviour we expect.

If you are concerned about a business/individual you are dealing with (particularly if you are having difficulty accessing funds, or if you suspect they are not legitimate) please contact the FMA.

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Found 42 results. Displaying page 1 of 3

  1. 20 January 2016

    Warning: Beware of Banc de Binary Limited https://bancdebinary.com/

    The Financial Markets Authority notes recent warnings by the Australian Securities and Investment Commission in relation to Banc de Binary Limited. The warning is available through the below links: https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/b/banc-de-binary-ltd-bdb-services-ltd The FMA has general information about overseas brokers and cold calling scams available through the following links: http://www.fm...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-beware-of-banc-de-binary-limited-httpsbancdebinary-com/

  2. 12 March 2015

    Warning: Formal warning to MSL Capital Markets Limited - FSP225586

    The Financial Markets Authority (FMA) has issued a formal warning to MSL Capital Markets Limited - FSP225586 (MSL) under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). Under section 59(2) of the Act, the FMA required MSL to perform an audit of its Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk assessment and AML/CFT programme by 31 October 2014 and to provide the FMA with a copy of the audit by 28 November 2014. MSL fail...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-formal-warning-to-msl-capital-markets-limited-fsp225586/

  3. 27 February 2015

    Warning: Beware of a company trading as Eco Investments Group

    The Financial Markets Authority (FMA) is warning people to beware of a company offering a risk-free, high-return investment programme. The company trades as Eco Investments Group and the FMA warns anyone dealing with them to exercise extreme caution before obtaining any financial services, or acquiring any financial products. The FMA says that Eco Investments Group is regularly advertising in New Zealand newspapers offering what it says are guaranteed, high-returns for relatively little inve...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-beware-of-a-company-trading-as-eco-investments-group/

  4. 18 December 2014

    Warning: Beware of misleading advertising promoting UK pension scheme transfers

    The Financial Markets Authority (FMA) is warning people to be cautious of potentially misleading and deceptive advertising about transferring United Kingdom pension scheme entitlements to New Zealand. The FMA has been monitoring promotional materials and advertisements that encourage people to transfer their UK pension scheme entitlements, and has requested that certain materials be removed from publication. Some of these materials appear designed to alarm people about changes to the tax trea...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-beware-of-misleading-advertising-promoting-uk-pension-scheme-transfers/

  5. 28 October 2014

    Warning: Beware of www.alcanfml.com purporting to be operated by Alcan Financial Management Ltd

    The Financial Markets Authority wishes to warn the public against conducting business with or through www.alcanfml.com which claims to be connected to a New Zealand incorporated entity Alcan Financial Management Ltd. FMA believes that the information on the website concerning the business is fictitious and it is not authorised to offer the services that are being advertised through the website www.alcanfml.com. The website names a New Zealand director and shareholder as offering the services o...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-beware-of-www-alcanfml-com-purporting-to-be-operated-by-alcan-financial-management-ltd/

  6. 29 September 2014

    Warning: Exercise extreme caution when dealing with General Equity

    The Financial Markets Authority (FMA) has issued a warning to the public about General Equity (previously named General Equity Building Society), a New Zealand building society. FMA warns any persons dealing with General Equity to exercise extreme caution before obtaining any financial services, or acquiring any financial products, from General Equity. In particular, FMA warns those persons to take into account that: In FMA’s view, General Equity has engaged in conduct and has made statemen...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-exercise-extreme-caution-when-dealing-with-general-equity/

  7. 29 September 2014

    General Equity: Warning Disclosure Order under section 49 of the Financial Markets Authority Act 2011

    Order TO: General Equity, Level 4, General Equity House, 17 Albert Street, Auckland 1010, New Zealand. AND TO: all associated persons of General Equity (including any associated person that may be incorporated or formed after the date of this Order) The Financial Markets Authority (FMA) makes the following Order under section 49(1) of the Financial Markets Authority Act 2011 against General Equity and associated persons of General Equity: 1. Any website operated by or on behalf of General Equi...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/general-equity-warning-disclosure-order-under-section-49-of-the-financial-markets-authority-act-2011/

  8. 29 August 2013

    Warning: Offer of Foreign Exchange Trading System by Phoenix Forex Limited

    The Financial Markets Authority (FMA) has issued a warning to the public about Phoenix Forex Limited and the Oak FX foreign exchange trading system.FMA believes that Phoenix Forex’s claims about the level of returns made by its trading system are untrue, and that Phoenix Forex is misrepresenting the profitability of, and risks associated with, its trading system. Investments promising unusually high returns are often not legitimate offers. FMA urges caution by anyone considering dealing with...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-offer-of-foreign-exchange-trading-system-by-phoenix-forex-limited/

  9. 22 July 2013

    Warning: Beware of offers from FX Promax Limited and FXpromaxltd.com

    The Financial Markets Authority is warning the public against conducting business with or through an entity FX Promax Limited (which is not registered on the New Zealand Companies Register and it is not a registered financial service provider) and its associated website FXpromaxltd.com.FMA believes that the information on the website concerning the business’ founders is fictitious and it is not currently operating from its purported New Zealand address, which is stated to be 350 Queens Stree...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-beware-of-offers-from-fx-promax-limited-and-fxpromaxltd-com/

  10. 11 March 2013

    Warning: Beware of offerings of securities made by NJF Global Group and Profitable Sunrise

    The Financial Markets Authority (FMA) warns the public of an illegal offering of securities by Profitable Sunrise (Prosun) and/or NGF Global Group which has been advertised on 'youtube' by Mr Robert(Bob)Hughes, also known as Bob Hughes. It is FMA's understanding that these entities are operating from the UK and the US. FMA is concerned that Prosun is illegally offering securities to the public in New Zealand in breach of NZ securities law, and warns New Zealanders not to invest in the above en...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-beware-of-offerings-of-securities-made-by-njf-global-group-and-profitable-sunrise/

  11. 25 February 2013

    Warning: Be wary of using portfolio services provided by Ajay Kumar Vallabhaneni

    The Financial Markets Authority (FMA) warns potential investors not to use portfolio or other financial advice services provided by Ajay Kumar Vallabhaneni (also known as Ajay Kumar), a former Authorised Financial Adviser. Mr Vallabhaneni is no longer authorised to provide financial adviser services. FMA believes that Mr Vallabhaneni is currently residing overseas, but has New Zealand connections and may return to New Zealand and purport to provide portfolio or other financial advice services....

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-be-wary-of-using-portfolio-services-provided-by-ajay-kumar-vallabhaneni/

  12. 3 September 2012

    Warning: Be wary of unsolicited offers from Stock & Share Trading Company Pty Limited

    The Financial Markets Authority (FMA) is reminding investors to be wary of unsolicited offers being made by Stock & Share Trading Company Pty Limited for shares and other securities. Stock & Share's offers are often for significantly less than the market value of the securities.Stock & Share has regularly been making unsolicited offers and continues to do so.  FMA is aware of two current offers by Stock & Share, one for certain capital notes issued by Fletcher Building Industr...

    http://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-be-wary-of-unsolicited-offers-from-stock-and-share-trading-company-pty-limited/