The FMA is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms.

The FMA is facilitating two seminars to help fund managers understand transitional requirements under the Financial Markets Conduct (FMC) Act 2013.

Research conducted for the FMA shows Kiwis are switched-on about straightforward, low-risk investment options. But when responding to questions about investments with more risk, people are far less confident.

FMA has issued a warning about General Equity (previously named General Equity Building Society), a New Zealand registered building society.

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