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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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We recommend caution when dealing with Sovereign Bank of Aotearoa/Ko Te Peeke o Aotearoa/ Sovereign B O A Ltd/ISKCON Bank (collectively SBOA) and its website kotepeekeoaotearoa.com.
We recommend caution when dealing with the trading app HFSC and the website www.bitwinne.com
We are aware of an investor who has been unable to withdraw their funds from an investment with Express Trade Market.
We are concerned that Parnell Rosenberg Irwin Asset Management (PRIAMA) may be operating a scam through its website.
The FMA is aware of an investment scam currently circulating New Zealand involving multiple WhatsApp groups, websites and investment platforms.
FMA are aware of a New Zealand resident who was convinced to invest with Staxom by a person they met on social media. The investor is not able to withdraw funds they invested even after paying the fees required.
We are concerned that BTCoinmt, a cryptocurrency trading platform, may be operating a scam through its website and app.
We recommend caution when dealing with entities promoting cryptocurrency ‘sniping bots’ or ‘Maximal Extractable Value (MEV) bots’. We have received a report of Youtube videos promoting these bots as part of a scam.
We recommend caution when dealing with the “OMF digital currency trading platform” which is mis-using branding from the Jarden group and running cryptocurrency scams through a number of websites.
The trading platform cofglobol.com is falsely claiming to be supervised by the FMA when it is not registered, licensed or regulated in New Zealand.
The FMA is concerned that wti-hk.com may be operating a scam. We understand wti-hk.com is mis-using the registration details of Well Trading International Limited, an entity incorporated in New Zealand.
We have received a large number of reports about fake FMA licence certificates being used to try and convince people to invest money with phony investment brokers.
We recommend caution when dealing with Bayleys Investment Limited and their website BayleysInvestmentLtd.com. We suspect this website is operating an investment scam.
FMA has reason to believe that the Pro-Limited.com website is being used to conduct an investment scam.
We are aware of an investor who has sent money to CFXFinance.com and is now unable to withdraw funds. We are concerned that CFXFinance.com and its associated websites (listed below) are operating a scam and recommend caution when dealing with them.
