Warnings and alerts

Found 647 results. Displaying page 1 of 44

1. • Suspected scam

   29 January 2025

   Bitcotel – Withholding client funds; upfront payments required for withdrawals

   We are aware of an investor who has invested with Bitcotel and is unable to withdraw money they invested.
2. • Suspected scam

   29 January 2025

   Access Cash Lending – Loan scam

   The FMA has received a report of a victim who has lost money after applying for a loan with Access Cash Lending.
3. • Suspected scam

   28 January 2025

   New cryptocurrency scam that drains your cryptocurrency holdings

   We have become aware of a new type of sophisticated cryptocurrency scam where the scammers include a link on social media posts that automatically transfers victims’ cryptocurrency assets to the scammers.
4. • Suspected scam

   24 January 2025

   Ultimate Traders – Suspected scam; withholding client funds; false regulation claims

   We recommend caution when dealing with Ultimate Traders.
5. • Suspected scam

   22 January 2025

   Option 2 Trade – Suspected scam

   We recommend caution when dealing with the online trading platform Option 2 Trade or its website, option2trade.io.
6. • Suspected scam

   20 January 2025

   Livaxxen – Operating a scam and withholding client funds

   Livaxxen is not licensed nor registered on the Financial Service Providers Register (FSPR) to provide financial services or products in New Zealand.
7. • Suspected scam

   17 January 2025

   Scam impersonating New Zealand entity

   FMA has received reports that impersonators of Max Money Group Limited have approached persons or entities on social media platforms and offered insurance and lending products.
8. • Imposter website

   8 January 2025

   PFDMarkets- Impersonates New Zealand Company

   The websites offer cryptocurrency and commodity services but is not registered to provide financial services in New Zealand and is misusing details of the genuine company, Pacific Financial Derivatives Limited.

9. 16 December 2024

   YouTube cryptocurrency investment scam

   The FMA is warning investors to be wary of an investment scam which is using YouTube channels to promote fake crypto investment websites.
10. • Suspected scam

    16 December 2024

    Corporate Brokers Limited – Fake online article and bank letter; withholding client funds

    Corporate Brokers Limited – Fake online article and bank letter; withholding client funds
11. • Suspected scam

    3 December 2024

    Mic-Market – False regulation claims; associated with Trader AI warned by ASIC

    We are aware that Mic-Market has contacted a New Zealand resident with the aim of offering financial services.
12. • Suspected scam

    2 December 2024

    Flipearners – Suspected scam, unreasonably withholding client funds

    Flipearners trade in cryptocurrencies, crypto binary and stocks. The FMA is warning that they have all the hallmarks of a scam.

13. 27 November 2024

    AgroCura – Imposter website

    The entity AgroCura is purporting to be a registered company in New Zealand by using the name and Certificate of Incorporation of a registered New Zealand company, Agrocura Limited. A director of Agrocura Limited has confirmed it has no association with this website. Note, the initial warning has been updated.
14. • Suspected scam

    26 November 2024

    Deposit comparison site – Fake bond and deposit product offers mis-using name of well-known firms and banks

    We have received reports about investors receiving telephone calls from persons who purport to be from a well-known investment firm, offering investment with Heartland Bank bond, through the website comparetermdepositsnz.com.
15. • Suspected scam

    22 November 2024

    Simple Mark Coin – Suspected scam

    We recommend caution when dealing with Simple Mark Coin and its website. We are concerned that Simple Mark Coin may be operating a scam.