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Example: "How do I apply for a financial institution licence?", "FMA Annual Report 2024"
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The FMA warns that Bennet Investment (bennetinvestment.com), along with other unlicensed IPO websites such as Orbit IPO, Tech Growth Invest, Satellite Stocks and Orbit Trades may be involved in financial scams targeting investors.
The GreenerFinance website is offering stock, foreign exchange and cryptocurrency trading services, but is not registered to provide financial services in New Zealand
We recommend extreme caution when dealing with Biteq, their website Biteq.io, or any of the 22 duplicate websites listed below. We suspect these websites are being used as part of an investment scam.
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.
We recommend caution when dealing with SSGA Pro and DBRS Morningstar, which are duplicate websites.
Stock lending is being offered to NZ retail investors. If you’re thinking about participating, understand how it works and the risks.
The website offers trading on the forex market, stock market, and crypto currency market with the ability to gain unrealistically high returns (starter plan: 10% daily for 3 days, through to mega plan: 10% return daily for 30 days). The website is using the registration details of a legitimate New Zealand company called ‘Capital Investments Trust Limited (1547699)’. This company has confirmed having no association with the website nor were they aware that the website was using their registration details and business name. An investor complained about being unable to withdraw any of his invested funds.
FMA cautioned investors to be wary of unsolicited offers being made by Stock & Share Trading Company Pty Limited for shares and other securities. Stock & Share's offers are often significantly less than the market value of the securities. Read more.
