Investor Alerts - Kiwi Bonds Trust
|Company:||Kiwi Bonds Trust|
|Regulator:||Financial Markets Authority|
|Date:||10 Oct 2023|
Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
We are concerned that Kiwi Bonds Trust may be operating a scam.
It operates a website claiming to offer consumers a way to compare and find the best term deposit and bond rates in New Zealand.
It states that investments are “protected and insured deposits”. However, no such scheme is currently offered in New Zealand.
FMA has observed an increase in victims of investment scams reporting that they have put their personal details into websites like Kiwi Bonds Trust and have then been contacted by individuals purporting to be from well-known banking institutions.
FMA believes this website is a front being used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious investment opportunities.
We recommend New Zealanders exercise extreme caution when dealing with this website and not provide it with any personal information.
ENTITY NAME: Kiwi Bonds Trust