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.

We may update this warning as we are made aware of further websites, as the names frequently change.

Some of these websites may have obtained licenses from overseas authorities or appear to be endorsed by media articles which have been written and distributed by the investment platforms to provide credibility.

The FMA reminds the public to always check the Financial Service Provider Register (FSPR) to see if an entity is registered to provide financial products and services to New Zealanders.

Visit the Financial Service Provider Register (FSPR)