Regulatory Alerts2026-04-08
Added · Updated
FMA warns of fraudulent trading platforms using fake news articles to entice investors
The Financial Markets Authority warns consumers about a surge in scams using AI-generated deepfakes of prominent New Zealand figures to promote fraudulent investment platforms. Scammers distribute fake news articles on social media to lure victims into registering on deceptive sites, where manipulated profits pressure them to deposit funds that cannot be withdrawn. The regulator advises the public to avoid clicking such links, block scam contacts, and immediately report incidents to banks, IT professionals, and Victim Support.