Investor Alerts - NZ Rates Finders - Comparison site harvesting investor details
| Company: | NZ Rates Finders - Comparison site harvesting investor details |
|---|---|
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 30 May 2024 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/nz-rates-finders/ |
| Subject: | Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements Miscellaneous |
| Comments: | We are concerned that NZ Rate Finder may be operating a scam. It operates a website claiming to “compare the best investments in New Zealand”. This website says that investors can “invest up to $100,000 safely with the Depositor Compensation Scheme”. However, no such scheme is currently offered in New Zealand. Users are prompted to enter personal contact details into the site and details of their proposed investments through an online form. We believe this website is a front, used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious term deposit investments. We recommend New Zealanders exercise extreme caution when dealing with this entity and not provide it with any personal information. Entity name: NZ Rates Finders Website: nzratefinder.com Email: [email protected] |
