FMA sees spike in investment scam complaints, issues more
warnings, since start of COVID-19
Markets Authority (FMA) – Te Mana Tātai Hokohoko – is
warning New Zealanders to be on the lookout for three unique
types of scams that have been on the rise since the start of
The warning comes as the FMA responds to a
rise in complaints about investment scams and fraud lodged
with the regulator in the first half of this year – up 79%
on the same period in 2020.
January to June 2021, the FMA received 158
complaints about investment scams and fraud – up 79% on
the 88 complaints received during the same period in 2020,
when the pandemic began, and up 49% on the 106 complaints in
the first half of 2019.
As a result, from January to
June 2021, the FMA issued 36 public warnings about suspected