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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Capital Gold Investment – False claims, withholding funds

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.

Market Radar – Unreasonably withholds clients’ funds

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 – unregistered, potential pyramid scheme

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) – Comparison site harvesting investor details

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.

BNP Paribas – Fake bonds offer

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.

Ventures Equity – Imposter website

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.

Bespoke Finance – Imposter Website

BespokeFinance.ltd purports to be a registered company in New Zealand but is not.

BuntyCorp – Imposter website

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.

Entity demands tax payment that does not exist

We are aware that Ariseinvslimited.com requires its clients to pay a type of investment tax which does not exist in New Zealand.

Imposter website (accordinvestmentslimited.com) unreasonably withholding client’s money

FMA warns that investors are unable to recover their money paid for cryptocurrency trading through accordinvestmentslimited.com.

PTWealthManagement – imposter websites

We recommend exercising caution when dealing with PTWealthManagement.com and PTWealthManagementLTD.com.

Fake offer of Suncorp fixed term deposit

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.

Citi Prospectus Scams

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.

Hatch Holdings: Providing financial services without registration in New Zealand

FMA warns investors to be aware that Hatch Holdings may be operating a scam.

Quick Pay is falsely claiming to be a NZ registered company

Investor warning - Quickpay Limited is falsely claiming to be a NZ registered company.

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