Investor Alerts - Titan Solutions Limited
| Company: | Titan Solutions Limited |
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 25 Jul 2023 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/rates-finder/ |
| Subject: |
Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Miscellaneous |
| Comments: |
We are concerned that Rates Finder may be operating a scam. It operates a website claiming to find the best term deposit savings rates in New Zealand. It states that “deposits are covered by the Deposit Guarantee Scheme up to $100,000 NZ per institution”. However, no such scheme is currently offered in New Zealand. After entering details people are then contacted by phone and offered fictitious investments in well-known banking institutions such as Citibank. These callers are convincing and persistent. We recommend New Zealanders exercise extreme caution when dealing with this website and not provide it with any personal information. |