We are concerned that Get Paid by Fixed Rate may be operating a scam.
It operates a website claiming to explore the best fixed term deposit rates and that deposits are protected under the ‘financial compensation scheme’. No such scheme is offered in New Zealand.
This website prompts consumers to enter personal contact information and details of proposed investments to get a “free, no-obligation consultation”.
FMA believe this website is a front, used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious investments.
We recommend exercising extreme caution when dealing with this entity and do not provide it with any personal information.
This warning is one of a number of alerts published about investment comparison websites and Product Disclosure
Statement scams. For more information on how to identify a Product Disclosure Statement scam see:
How to identify a product disclosure statement (PDS) or prospectus scam
Entity name: Get Paid by Fixed Rate
Legal Name: Market News 24-7
Website: gpbfr.com
Email: [email protected]
