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This list of warnings and alerts on this page contains the names of businesses or individuals you should be wary of if you are planning to invest. The list is not exhaustive and there is no guarantee that the business or individual listed has not changed their name.
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OKX Pro offers cryptocurrency products through its website. OKX Pro is based overseas but does not appear to be subject to regulation by any overseas regulator. It is unreasonably withholding funds and requesting further funds to enable withdrawals.
We recommend exercising caution when dealing with Stake Funds and its website stakefunds.co. The website offers investment plans however is not registered to provide financial services in New Zealand.
Capital Gold Investment is falsely claiming to be a New Zealand company, using a NZ Business Number (NZBN) of another company that has been removed from the New Zealand Companies Register.
The entity offers trading in cryptocurrency, forex and CFDs via their website. However, Market Radar is not a registered entity, nor a registered financial service provider in New Zealand. As such, they are not registered to provide financial products or services to New Zealand residents, nor do they hold a Derivatives Issuer Licence.
Rolvi Trade is offering cryptocurrency products and services via its website rolvitrade.com. It is not registered on the Financial Service Providers Register or regulated to provide these services and products to New Zealand retail clients.
Compare Fixed Term Deposits (CFTD) operates a website claiming to offer consumers a way to compare all registered and regulated fixed income investments in New Zealand and find the highest rates. FMA are concerned this may be a scam.
Ventures Equity's website claims to offer investment opportunities in crypto trading, real estate, futures and forex trading. It is not a registered financial service provider in New Zealand or able to offer financial services to New Zealand residents.
We are concerned that a scam is targeting New Zealanders and offering investments in “Treasury” and “clean energy” bonds in the name of BNP Paribas bank. BNP Paribas has confirmed that it is not connected with these offers. A similar warning about fake BNP Paribas bonds was issued by the FMA in September 2022, but investment scams using the bank’s name have continued.
BespokeFinance.ltd purports to be a registered company in New Zealand but is not.
We recommend exercising caution when dealing with BuntyCorp.com. BuntyCorp offers crypto investments with unrealistically high returns and is not registered to provide financial services here in New Zealand.
We are aware that Ariseinvslimited.com requires its clients to pay a type of investment tax which does not exist in New Zealand.
FMA warns that investors are unable to recover their money paid for cryptocurrency trading through accordinvestmentslimited.com.
WARNING: We are aware that a New Zealand resident is unable to recover the money paid for a fixed term deposit purporting to be offered by Suncorp New Zealand.
We recommend exercising caution when dealing with PTWealthManagement.com and PTWealthManagementLTD.com.
FMA are concerned that a scam operation is targeting New Zealand residents and offering investment in term deposits in the name of Citi N.A.
