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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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The FMA is concerned that a Malaysian based loyalty scheme, MBI International also trading as MFC Club (MFC Club) is being promoted in New Zealand. We have received reports that MFC Club is being actively promoted within the Chinese speaking community in Auckland.
We recommend extreme caution before investing with OneLife or OneCoin as we are concerned they bear the characteristics of a scam, including withholding client funds and promising unrealistic returns.
We are concerned that Bitcoin Trader could be operating a scan. We received a complaint from a New Zealand resident about a misleading advertisement that they saw on social networking platform, Facebook.
We are concerned that McCulloh & Townsend may be associated with a scam. We received a report from a New Zealand resident indicating that McCulloh & Townsend is associated with a fake regulator and a suspected scam that the FMA has previously issued a warning about.
We are concerned that the International Securities Regulatory Authority is claiming to be a securities regulator and endorsing products and services from suspected scams. Read more.
FMA warns that strategicfinancelimited.com could be involved in a scam and it is not associated with the Strategic Finance Limited registered in New Zealand (NZBN: 9429037630928).
FMA recommends exercising caution before dealing with the website www.ggbinary.com. Read more.
Smart Financial Markets are not registered to provide financial services in New Zealand and we have therefore formed the view that this entity bears the hallmarks of a scam.
A warning was issued in relation to BAT Financial Management and the website www.BATFinancialmanagement.com and associated persons Dan Johnson and William Davies. Read more.
FMA recommends exercising caution before dealing with the Securities Regulatory Authority as it is not a legitimate financial services regulator, and is endorsing products and services from suspected scams.
FMA warns that the website www.redsolarcapital.com is not associated with or operated by Red Solar Capital Limited, which is registered and licensed in Hong Kong.
FMA recommends investors exercise caution before dealing with International Escrow Services as it is not a legitimate online escrow services company.
FMA recommends exercising caution before dealing with Holland Capital Management and the website www.hollandcapmgmt.com and associated persons Rob Banks and Thomas Salton.
A recent warning has been issued against persons operating the websites www.cncmeta.com and www.2cmeta.com
We have warned a (former) registered financial adviser, Jonathan Simon Antony Branton-Casey, in relation to his professional conduct which fell short of the FMA’s expectations of a registered financial adviser under the Financial Advisers Act 2008 (FA Act) and/or under the Crimes Act 1961.
