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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LBLV – Withholding funds, suspected scam

We recommend exercising caution when dealing with LBLV Limited.

Sovereign Bank of Aotearoa/Ko Te Peeke o Aotearoa/Sovereign B O A Ltd/ ISKCON Bank - Haumi ohiti, peeke rēhita kore/ ratonga ahumoni.

Westfffx.com, Westfiledfx.com – Imposter websites

We recommend exercising caution when dealing with westfffx.com and westfiledfx.com.

Grace Auto Invests Ltd – Imposter website

We recommend exercising caution when dealing with graceautoinvestsltd.com.

Sovereign Bank of Aotearoa/Ko Te Peeke o Aotearoa/Sovereign B O A Ltd/ISKCON Bank – Suspicious investment, unregistered bank/financial service provider

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.

Blackbull Markets – Imposter websites

We recommend exercising caution when dealing with entities which are claiming to be associated with Black Bull Group Limited which trades in New Zealand as Blackbull Markets.

Trading app HFSC – Withholding funds

We recommend caution when dealing with the trading app HFSC and the website www.bitwinne.com

Express Trade Market – Suspected scam, unreasonably withholding client funds

We are aware of an investor who has been unable to withdraw their funds from an investment with Express Trade Market.

Parnell Rosenberg Irwin Asset Management (PRIAMA)– Suspected scam

We are concerned that Parnell Rosenberg Irwin Asset Management (PRIAMA) may be operating a scam through its website.

WhatsApp educational and investment platform scam

The FMA is aware of an investment scam currently circulating New Zealand involving multiple WhatsApp groups, websites and investment platforms.

Staxom – Suspected scam, unreasonably withholding client funds

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.

BTCoinmt – Suspected scam

We are concerned that BTCoinmt, a cryptocurrency trading platform, may be operating a scam through its website and app.

Suspected scam – videos promoting cryptocurrency sniping and MEV bots

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.

OMF digital currency trading platform – Imposter websites

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.

cofglobol.com – Suspected scam, false NZ regulation claims

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.

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Warnings and alerts

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