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Page last updated: 11 August 2025

Unregistered businesses

The FMA publishes the names of unregistered businesses that have been reported as offering financial services to New Zealanders. Investing with them means you have little protection in the event something goes wrong.

Latest

Unregistered businesses
14 May 2026
Aurum Foundation – Overseas warnings of pyramid-type scheme and social media promotion
Caution advised for Aurum Foundation promoted to NZ investors following overseas regulator warnings over AI trading and pyramid scheme risks
Unregistered businesses
24 Feb 2026
Texitcoin – U.S. Authority issues Emergency Cease & Desist Order for registration violations, fraud, and deceptive practices
We strongly recommend that all Texitcoin promoters cease any promotional activities in New Zealand as they are promoting high-risk products and servic ...
Unregistered businesses
11 Aug 2025
StrykerFusion - Unregistered provider, Unrealistic returns. Lifetime-banned promoter / StrykerFusion – Kaiwhakarato rēhita kore. Kāore e whaihua. Kaiwhakahau whakakati mutunga kore
StrykerFusion is flagged by the FMA as an unregistered financial provider in NZ, making unrealistic investment return claims.
Unregistered businesses
24 Jul 2025
Hecksow LLC – Unregistered financial service provider, false and misleading statements
Warning: Hecksow LLC is an unregistered crypto service provider making false claims. Not authorised in New Zealand.
Unregistered businesses
04 Jul 2025
iGenius – Overseas warnings
Caution advised when dealing with iGenius, promoted by GameChangers in NZ. Subject to overseas regulator warnings for pyramid scheme allegations.
Unregistered businesses
09 May 2025
Rebecca Joy Santos Banting – Unregistered financial service provider
The FMA recommends caution when dealing with Rebecca Joy Santos Banting. Ms Banting is not registered to provide any financial services in New Zealand ...
Unregistered businesses
02 May 2025
AkashX – Unregistered financial service provider
The FMA has been made aware of online webinars hosted by AkashX promoters in New Zealand. AkashX is not authorised to provide financial services in Ne ...
Unregistered businesses
30 Apr 2025
GBTC Markets – Unregistered to provide financial services in NZ
GBTC Markets is not registered as a financial service provider in New Zealand, it is therefore not permitted to provide financial services in New Zeal ...
Unregistered businesses
13 Feb 2025
ACE International Ltd – Unregistered financial service provider
The FMA recommends caution when dealing with ACE International Ltd or its website ACEInternational.co.nz. ACE International Ltd is not authorised to p ...

View all unregistered businesses known to the FMA