The FMA has recently received reports of an investment scam purporting to offer investors the opportunity to buy fictitious Public Share Offering (IPO) shares of Starlink.
The FMA is aware of a number of complaints and inquiries about these types of frauds, which may be promoted on social media and internet sites, by telephone, email, in person, or by other means.
The FMA warns New Zealand consumers and investors to be wary of unsolicited communication asking them to buy shares or put their money into offshore firms. It’s illegal in New Zealand to sell financial products through cold-calling or other unsolicited communication. We have published some information on scams, and how you can protect yourself from them on our website.