Investor Alerts - Fixed Rate Options
| Company: | Fixed Rate Options |
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 08 Nov 2023 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/fixed-rate-options/ |
| Subject: |
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 Miscellaneous |
| Comments: |
We are concerned that advertisements from “Fixed Rate Options” appearing in social media feeds may be connected to a scam. The advertisements claim to help consumers discover the “top five performing fixed term deposits in 2023”. People clicking on the advertisement are taken to an online form where they are prompted to provide personal details and information about proposed investments. Fixed Rate Options is currently advertising on both Facebook and Instagram. The FMA believes this advertisement is a front used to collect personal information from New Zealanders, which then allows scammers to contact them with fictitious investment opportunities. We recommend New Zealanders exercise extreme caution when dealing with this kind of advertising, do not click on it or provide any personal information. Entity Name: Fixed Rate Options Website: http://www.fixedrateoptions.com/ (inactive) Advertisements on Facebook and Instagram |