Warnings and alerts

A warning has also been published about Prime Bright Investment Limited by the Financial Sector Conduct Authority in South Africa (FSCA), the financial regulator of South Africa. FMA are concerned that the entity may be involved in a scam.

FMA are concerned that https://bbcapitalmarket.com/ is operating a scam and falsely using the name of a New Zealand registered and licensed entity - Black Bull Group Limited (NZBN: 9429041417799) T/A Blackbull Markets. Black Bull Group Limited has advised the FMA that they are not associated with https://bbcapitalmarket.com/.

WARNING: FMA is concerned that Global Venture may be involved in a scam. We have received a complaint from a New Zealand resident who was contacted by Global Venture, through WhatsApp, to trade in cryptocurrencies through their trading platform. Global Venture is unreasonably withholding the complainant’s funds and is requesting further funds to enable a withdrawal.

FMA received a report of New Zealand residents receiving unsolicited contact from Quantree Investment representatives with an offer to purchase shares in Mobileye via an Initial Public Offering (IPO). We are concerned that Quantree Investment may be involved in a scam.

WARNING: We are concerned that this scam operation is targeting New Zealand residents and offering investment in a term deposit. It is claimed that the investment is offered by Citibank, N.A. which is not true.

FMA is concerned that avistechlimited.com is involved in a scam as it claims to offer online trading and cryptocurrency investment services, with unrealistically high returns.

Maxi Finance claims to be a New Zealand company but there are inconsistencies in the registered office addresses identified on its website. We received a report from a member of the public who was unable to withdraw funds invested with Maxi Finance.