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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Warning: Crypto Bot using a fake news article

The FMA have issued a warning relating to Crypto Bot using a fake news article to promote their platform.

Warning: Member of the public unable to withdraw funds invested with Maxi Finance

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.

Scam alert for OMF

WARNING: We are concerned that OMF that operates the website/platform https://www.omfzp.club is involved in a scam.

Suspected scam: nesbittrusteeslimited.com

We are concerned that nesbittrusteeslimited.com (‘the website’) is involved in a scam. The website falsely claims to be registered in New Zealand and is using details of a NZ entity, Nesbit Trustees No 1 Limited (‘Nesbit’), without permission. Nesbit has confirmed that they are not associated with the website.

FMA warning: E-capital Forex

WARNING: E-Capital is not an incorporated company in New Zealand or registered financial service provider (FSP). It is not authorised by, nor associated with Trademax Global Markets (NZ) Limited (Trademax). It uses Trademax’s FSP registration number, trademark, and website design without permission.

Forex trader and Crypto exchange, Gold Century Ventures may be operating a scam

WARNING: Gold Century Ventures is not a registered financial service provider in New Zealand, they are not permitted to provide financial services to New Zealand residents. We recommend exercising caution when dealing with this entity.

Investor alert: false claims by Onyx Group Limited

WARNING: We are concerned that Onyx Group Limited (‘Onyx’) is involved in a scam. We have received a complaint about this company cold-calling New Zealand residents offering pre-IPO shares* and unreasonably withholding client funds.

FMA warns about suspected scam: Big Uncle

WARNING: We believe Big Uncle is operating a scam through www.biguncle.work (the website) and other various websites. We have received a report that a New Zealand resident is unable to recover crypto currencies invested through Big Uncle’s MetaTrader App and the website.

FMA and Irish regulator issue warning about jms-icav.com

FMA and regulatory bodies in Ireland have issued a warning about JMS-ICAV. JMS-ICAV is not a registered financial service provider in New Zealand or licensed by the FMA and is therefore not permitted to provide financial products or services to New Zealand residents. New Zealanders have been unsuccessful removing funds from the entity.

Scam alert: Capital Maximus and My Trading College

WARNING: Capital Maximus is offering financial services to New Zealand residents but is not registered as a Financial Service Provider as required by New Zealand financial markets legislation. FMA has received complaints.

FMA warns about an imposter website: thelionhub.xyz

WARNING: We have received complaint about this website unreasonably withholding client funds and asking for withdrawal fees*. The website claims to be a cryptocurrency and foreign exchange company.

FMA warns investors: allianceequities.ltd and alphabase.ltd are not associated with existing New Zealand companies

WARNING: www.allianceequities.ltd and www.alphabase.ltd are misusing the details of incorporated New Zealand companies, Alliance Equities Limited and Alpha Base Limited respectively. These websites are not associated with, nor authorised by these companies.

FMA warns against illegal derivative services offered by Prime Capital Limited

WARNING: Prime Capital Limited, offers trading in derivative products via their website, iprimecapital.com are not registered to provide financial services in New Zealand. The FMA warns caution when dealing with this company.

Investor alert: false claims by Finanex Limited

Finanex Limited is falsely claiming to be authorised in New Zealand to provide financial services. Finanex Limited is not a registered financial service provider in New Zealand.

Scam operation targeting New Zealand investors

WARNING: FMA are concerned that a scam operation is targeting New Zealand residents and offering investment in a fixed return managed fund. It is claimed that the investment is offered by Blackrock Investment Management Australia Limited (part of Blackrock Inc.), which is not true. Blackrock Investment Management Australia Limited has confirmed that they are not connected with the offer and/or the entity.

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