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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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Xcel Trader is offering managed investment plans with unrealistic returns. It is not registered on the Financial Service Providers Register, which is required for entities offering financial products and services in New Zealand
The FMA has also received a report that Vasttradeoption may be persuading victims into becoming ‘money mules’.
wisefex.org Investment LTD has rebranded as Reliant Assets. We are aware their clients have been asked to use their new website domain: reliant-assets.net. We believe Wisefex is operating a scam through the website and their representatives or associates.
FMA believes that the NZ Rates Finders website is a front, used to collect personal information from New Zealanders.
Trustpodia is displaying a Certificate of Incorporation document on its website using the details of the registered New Zealand company Trust Company (C&S Trust) Limited, which has confirmed no association with Trustpodia.
We recommend caution when dealing with imposter website, CapitalGrowthLTD.net.
The FMA has received several reports regarding fake celebrity or fake influencer endorsement advertisements on social media, promoting online investment schemes.
A scam offering fake term deposits using the name of Kiwibank is targeting New Zealanders.
We recommend caution when dealing with Equity Budget. Equity Budget is making false claims about being an investment company and being a registered New Zealand company.
We recommend caution when dealing with Affix Global Holdings and its website.
Hz-cap.com has been cold calling New Zealand residents, attempting to offer an investment in Starlink IPO. Unsolicited offers of financial products are prohibited in New Zealand.
The FMA recommends caution when dealing with AxonExchange and its associated websites. We are aware of an investor who has invested with AxonExchange and is now unable to withdraw funds.
FMA are concerned Quantum Ireland ICAV and its website may be operating a scam. We are aware of unsolicited calls being made by Quantum to New Zealand residents and funds being withheld.
We recommend caution when dealing with AC Finance Limited and its website.
We recommend caution when dealing with Multi Global Leaders and its website www.MultiGlobalLeaders.com.
