FMA Warns against Fraudster Impersonating the Regulator

New Zealand’s financial industry watchdog, Financial Markets Authority (FMA), issued a warning on Tuesday against an individual claiming to work for the regulator. The fraudster is cold-calling consumers to solicit personal information and scam potential investors.

According to a statement released by the FMA, the individual had tried to possess some personal data regarding members of the public that he or she is targeting.

“The correspondence is fictitious and characteristic of advance fee fraud. Please note that while the FMA may directly contact licensed or regulated entities from time to time, we will never ask for payment or financial information over the phone,” the FMA commented in a press release.

“If you get an unsolicited call, we recommend you hang up and contact us directly via the contact information provided on our website.”

Stay safe and do not hesitate to contact us if you have been scammed !

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