Investor Alerts - IPO Alerts
| Company: | IPO Alerts |
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 18 Feb 2024 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/ipo-alerts/ |
| 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 IPO Alerts may be operating a scam. It operates a website claiming to alert investors of upcoming IPO (Initial Public Offering) opportunities before they go public (Pre-IPO). The website prompts consumers to enter personal contact details and details of their proposed investment into a form so they can use its “free service”. The entity that operates this website was found to be operating other scam websites that harvested investor details. FMA believe IPO Alerts is a front, used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious investments. We recommend New Zealanders exercising extreme caution when dealing with this entity and not provide it with any personal information. Entity name: IPO Alerts Legal name: Market News 24-7 Website: ipo-alerts.com Email: [email protected]; [email protected] |