Page last updated: 08 September 2023

Unregistered businesses

This list contains the names of businesses or individuals that are not registered as a financial service provider on the Financial Service Providers Register (FSPR) in New Zealand but may be in the business of providing financial services. An individual or entity that is in the business of providing a financial service to clients in New Zealand should be registered on the FSPR for that service. Not being registered on the FSPR may mean they are not complying with the requirements of New Zealand legislation.

The list is not exhaustive. Prior to engaging, we recommend checking that the Advisor is registered on the Financial Service Providers Register (FSPR).

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

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 services operated by overseas entities that are not protected under New Zealand law.

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. Nā te FMA a StrykerFusion i tohu hei kaiwhakarato ahumoni kore rēhita i Aotearoa e tuku ana i ngā kerēme rūkahu mō te whakahoki mahi haumi.

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Unregistered businesses

Aurum Foundation – Overseas warnings of pyramid-type scheme and social media promotion

Texitcoin – U.S. Authority issues Emergency Cease & Desist Order for registration violations, fraud, and deceptive practices

StrykerFusion - Unregistered provider, Unrealistic returns. Lifetime-banned promoter / StrykerFusion – Kaiwhakarato rēhita kore. Kāore e whaihua. Kaiwhakahau whakakati mutunga kore

Hecksow LLC – Unregistered financial service provider, false and misleading statements

iGenius – Overseas warnings

Rebecca Joy Santos Banting – Unregistered financial service provider

AkashX – Unregistered financial service provider

GBTC Markets – Unregistered to provide financial services in NZ

ACE International Ltd – Unregistered financial service provider

DAO1 – Unregistered financial service provider, promotion of high-risk products

Oak Smart – Unregistered financial service provider (ratonga ahumoni rēhita kore), suspicious investment (haumi ohiti)

Better Experience (BE) - Overseas warnings

Agrigreen Solutions – Unregistered

Aurotrade and associated websites – Unregistered

Eaconomy – Overseas warnings, promotion of high-risk products