Breaking News

New Zealand FMA warns of FCA impersonation scam

Gerald Segal 0 Comments January 30, 2024

New Zealand financial regulator Financial Markets Authority (FMA) has issued a warning regarding a recovery scam using the name of its counterpart in the UK.

The FMA said that its aware that a New Zealand resident has been contacted by individuals claiming to represent the UK’s Financial Conduct Authority (FCA), under the guise of offering assistance to recover money lost in a previous scam.

The email address used (harry.stone@fcafinances.com) is different to the email domains used by the FCA. The FCA advises on its website that they send emails from addresses ending in:

fca.org.uk
fcanewsletters.org.uk
fcamails.org.uk

The New Zealand regulator stated that it is concerned that this is a recovery scam using the name of the FCA. The FMA recommends caution when dealing with any individuals claiming to be from authorities offering to help recover money.

Gerald Segal

Gerald is the founder of FNG and is one of the most experienced writers covering the online trading sector. Prior to starting FNG, Gerald founded Forex industry B2B news website LeapRate.com in 2010, selling it in 2018 to publicly traded Catena Media plc (STO:CTM). An avid skier, cyclist and ice hockey player, Gerald was previously an investment banker for more than a decade at Bear Stearns, Robertson Stephens, and Merrill Lynch. Gerald holds an MBA from Columbia University in New York and a BCOM degree from the University of Toronto.