Page last updated: 09 September 2024

Warnings and alerts

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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tmgm-sapp.shop/syn: unreasonably witholding client funds

FMA aware of an investor who has invested through the platforms tmgm-sapp.shop/syn and tmgm-q.com/en/index and unable to withdraw the funds they invested.

Profit Flutter Investments – Suspected scam

We recommend caution when dealing with Profit Flutter Investments and its website. Profit Flutter has posted fake certificates to falsely indicate it is a registered company in New Zealand.

TP Global FX – Unregistered, withholding funds

The FMA is aware of an investor that invested funds with TP Global FX and is now unable to withdraw their money.

Tradesafer – Suspected scam

We recommend caution when dealing with Tradesafer/ Australian Trader/Tradesafer Group (Tradesafer) and its various websites.

SPS Investment Services Limited/Wilby Securities

We recommend caution when dealing with SPS Investment Services Limited and/or Wilby Securities and their websites.

M23trading Limited - Imposter website, suspected scam

FMA warns that an investor is unable to recover money invested through the website run by M23trading limited.

Trent and Castle – Cold calling, unregistered

We have received a report of Trent and Castle representatives cold calling New Zealand residents and offering stock broking and managed investments plans.

Medium Global Strategy – Unregistered business, unreasonable withholding of client funds

We are aware of an investor who invested with Medium Global Strategy and is now unable to withdraw their funds. Medium Global Strategy has denied them access to withdrawals unless upfront fees are paid.

Seaton Trustees – Imposter website

The FMA recommends caution when dealing with Seaton Trustees. We are aware of an investor being unable to recover money invested through its website seatontrustees.org.

J Rothschild – Imposter website, fake FMA documents

The FMA has had a report about an imposter of J Rothschild contacting New Zealanders through Facebook offering investment opportunities. 

Tidal Financial Services – Imposter website

Imposter website alert: tidalfs.com or TidalNZ.site is falsely using the details of the genuine New Zealand company Tidal Financial Services.

Hillier Finance – Imposter website, information harvesting

HillierFinance.com shows indicators of information harvesting by sending phishing emails which leads users to input personal information.

Fraud Investigation & Repatriation Authority and Ladew Law – Fake Regulator, recovery Scam

We are concerned that Fraud Investigation & Repatriation Authority (FIRA) is pretending to be a government agency in the United States and operating a recovery scam jointly with Ladew Law.

Riseup Trade – Suspected scam

The FMA considers Forex a derivative. Entities offering derivative services in New Zealand are required to hold a derivatives issuer licence. Riseup Trade does not hold this type of licence, nor is it registered on the Financial Service Providers Register.

IPO Alerts – IPO website harvesting investor details

FMA believe IPO Alerts is a front, used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious investments.

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Warnings and alerts

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