Search online to see if you can find the business’s trading and legal names. The legal name may be different to the trading name. If you’re unable to connect the two names easily, or it’s confusing, this could be a warning sign that the investment is a scam.
Registration on the Financial Service Providers Register (FSPR) is not an official approval of an individual, business, or organisation. It also doesn’t necessarily indicate the provider is licensed or regulated in New Zealand or any other country. We provide lists of individuals, markets and businesses licensed or authorised to operate in New Zealand. We monitor the conduct of these businesses. Learn more about who we regulate.
We only regulate financial services businesses operating in New Zealand. If you’re considering dealing with an international provider, make sure you find out who regulates them (usually by doing an online search). If in doubt, phone the overseas regulator to confirm the business is on their list.
If a business is not based in New Zealand it’s even more important you do your research before you invest. It’s often impossible for you to recover your money if an overseas investment turns out to be a scam.
We publish warnings from overseas regulators on our international regulator alerts page.
We publish an A-Z list of all the businesses and individuals we recommend you be wary of. If a business or individual is on this list, it means one or more of the following:
We recommend you check our warnings list before dealing with a financial services business. It’s also a good idea to check other consumer protection websites, such as Scamwatch and the New Zealand Police.
Please be aware that many scams go unreported and are not listed on warnings pages here or overseas.
While scams can be hard to tell apart from genuine investment opportunities, there are some warning signs to look out for.
As a rule, the more you know about a business before you invest the better. Make sure you do some online research. It can reveal a lot about a business, including comments from other people who’ve had dealings with them, or warnings from other regulators. If anything is unclear or you don’t understand how the investment works, speak to a financial adviser before you invest.
Our free resources page has more information on ways to protect yourself, from ‘How to become a smart investor’ through to ‘Be wary of low-ball offers’.
If you’ve lost money through a scam, you’re highly likely to be targeted again. Be wary of follow-up calls from businesses offering to help you recover your money or threatening legal action if you stop payments. It’s likely to be part of the original scam or your details may have been sent to a different group of fraudsters. This is typical of boiler room or cold call scams.
If you think you've been scamed, you can report it to us.
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