Promoting fair, efficient and transparent financial markets

Promoting fair, efficient and transparent financial markets


    Regulatory update

    FMA approves class exemptions that recognise existing regulation of overseas issuers

    13 June 2016

    Read more >


    Response to submissions

    On fee disclosure by managed funds 

    26 May 2016

    Read more >


    Property investment schemes

    See the approved class exemptions for property schemes and their custodians

    17 May 2016

    Read more >


Latest guidance

Latest guidance

Don’t become a victim of fraud


Investment scams can happen to anyone. They’re often very sophisticated and can be hard to tell apart from a genuine investment opportunity.

Certain investments put you at much higher risk of becoming a victim of fraud. They’re often only available online and are marketed as simple products or services with little or no risk. They also promise very high returns.

Two examples we regularly receive complaints about people losing money on are:

  • Foreign exchange (forex) trading for profit– the buying and selling of foreign currencies through websites
  • Binary options – online tools that say you can make money from predicting the short term movements in price of a share, commodity, currency or index.

To learn how to spot the signs an investment might be a scam and steps you can take to protect yourself, see our avoiding scams pages.


Case updates

Case updates

  • PTT update

    PTT investigation update

    Four companies have been placed into liquidation at the Auckland High Court, following an investigation undertaken by the FMA into Steven Robertson, PTT Limited and related entities. Read details here.

    We want to speak to anyone who has invested with Mr Steven Robertson through PTT Ltd; Maxwell Foster Ltd; Harrington Group Ltd; Gibson McLeod Ltd; Russell & Brown Ltd; Armstrong Group Ltd; Morrison Ross Ltd or Alba International Ltd.

    Please contact us through our online complaint form if you can help.

  • Seeking Morgan Cooper Limited investors

    Seeking Morgan Cooper Limited investors

    MCL purports to offer foreign exchange currency programmes, and operates the website Anyone who has been in contact with MCL or Mr McCall in relation to the offer of such programmes, or any other form of financial product or service, is encouraged to contact the FMA on 0800 434 566, or log a complaint via our website.

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