Investor Alerts - BNP Paribas
| Company: | BNP Paribas |
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 09 Jun 2023 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/bnp-paribas-fake-bonds-offer/ |
| Subject: | Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) |
| Comments: |
We are concerned that a scam is targeting New Zealanders and offering investments in “Treasury” and “clean energy” bonds in the name of BNP Paribas bank. BNP Paribas has confirmed that it is not connected with these offers. A similar warning about fake BNP Paribas bonds was issued by the FMA in September 2022, but investment scams using the bank’s name have continued. Scammers may be using emails that appear legitimate. BNP Prospectuses and other documentation provided to potential investors also claim deposits are covered by a financial compensation scheme or are fully guaranteed. No such scheme exists in New Zealand. The schemes also claim to be regulated by the FMA, which is not true. We recommend that investors exercise caution when receiving unsolicited investment offers. Entity name: BNP Paribas Website: www.Bnpp-nz.com (no longer operational but still on advertising material) Email: [email protected]; [email protected] |