How to Spot and Stop Investment Scams in NZ | Jess Learns to Invest

In this powerful episode, Jess from the FMA’s external communications team sits down with Samantha McGuire, Manager of Regulatory Services, to unpack the growing threat of investment scams in Aotearoa.

From slick fake crypto platforms to deepfake endorsements featuring celebrities and politicians, scammers are getting smarter and everyday New Zealanders are being targeted.

In this episode:

What defines an investment scam (and how it differs from other scams)
Ponzi schemes, pyramid schemes, and fake platforms
The rise of AI-driven scams and deepfakes
Crypto scams and recovery scams what to watch out for
Red flags and psychological triggers scammers use
Why anyone can be a victim — and how to protect yourself
What to do if you or someone you love has been scammed
How to report scams and support others through recovery

Whether you're new to investing or just want to stay safe online, this episode is packed with practical advice and eye-opening insights.

Learn more and access scam warnings at https://www.fma.govt.nz

Transcript

Jess
Kia ora, my name is Jess. I'm in the External Communications team here at the FMA, and you're joining me for another episode of Jess Learns to Invest. Today, we're diving into a topic that has become all too common: investment scams. From slick websites to fake crypto platforms, scammers are getting smarter — and they're targeting everyday New Zealanders.

Here to talk to us about scams is FMA Manager of our Regulatory Services team, Samantha McGuire. Thank you, Sam, for joining me today. Lovely to have you.

Sam
Thanks, Jess. I really appreciate the opportunity to talk about something that's affecting all New Zealanders — nearly everyone around the world, really. People talk about a "scamdemic," and it’s definitely out there. It’s affecting everyday New Zealanders, and it’s something we should all talk about more.

So it’s a great opportunity to be here today and talk about the role the FMA plays in scams — and why disrupting scam activity is one of our regulatory priorities.

Jess
Absolutely. Could you kick off by talking about what your team does in this scam space?

Sam
Sure. The FMA is the leader in the investment scam space, and I’m very blessed to have a team of passionate, engaged, motivated, and smart people working in this area.

Our role is to help New Zealanders make good decisions and protect their assets — particularly their money. We identify harms and scams, and we deliver on the FMA’s purpose by issuing warnings and looking at ways to disrupt scams.

Often it’s challenging because the bad actors — the scammers, the criminals — aren’t in New Zealand. So we take lots of steps to interrupt the kill chain and stop the scam from reaching more people.

Jess
It’s really important work that you guys are doing. To kick us off, could you define what an investment scam is and how it differs from other scams?

There are so many types — like I’ve seen my mum buy something on Instagram and the product never showed up. That’s quite different from an investment scam. So could you just touch on what an investment scam is?

Sam
Well, in reality, a scam is a scam is a scam. They all have one purpose — to extract value from a victim. Typically, that value is money, but it could also be your data or something else you hold dear, like property, shares, or access to a crypto wallet.

Investment scams involve platforms or products that promise returns. It’s more about the hook they’re pushing than the scam itself. The intent is universal — they want your money.

What makes it an investment scam is that it’s usually backed by a financial product or service, which is why it falls under the FMA’s remit. We’re here to ensure transparent and fair financial markets in New Zealand.

Jess
Could you touch on the different types of investment scams that Kiwis should be aware of? I’ve heard of MLM scams and sort of understand them, but could you explain the different types?

Sam
Sure — how long have we got? Let’s start with Ponzi schemes. You mentioned MLMs — Ponzi schemes and MLMs have a similar flavour and can sometimes act interchangeably.

A Ponzi scheme works by using the money from new investors to pay returns to earlier investors. That’s why they encourage more people to invest. The person at the top of the tree is getting their money out, but there’s no actual investment — they’re being funded by the people coming in at the bottom. It’s like an upward funnel.

Jess
Yeah, that makes sense.

Sam
A pyramid scheme operates in a similar way, but it’s more about recruitment. You’ll hear terms like “uplines” and “downlines.” Your return is based on who you recruit into the scam.

It’s quite insidious because often the people you recruit are your friends and family. It might sound harmless — everyone’s winning — but if you’ve recruited your grandma and she’s further down the chain when the bubble pops, are you really comfortable with her losing all her money?

Other scams we see in the investment space include fake platforms. These are websites or apps that look and feel like legitimate investment platforms. You can see fake returns, beautiful graphs, and even have an app. But it’s just data — your money isn’t there. It’s been shifted across the globe.

Another tactic is impersonating New Zealand companies to create credibility. New Zealand has a reputation for low corruption and transparency, which makes us attractive to investors — and scammers.

Often, scammers aren’t targeting New Zealanders directly, but they’re targeting the image of New Zealand — the brand of “New Zealand Inc.” That’s why protecting the transparency of our financial markets is part of the FMA’s purpose.

Jess
Yeah, right.

Sam

That we stamp that out. Other things you’ll see — and we’ve had a whole range of them — are scams involving AI and deepfakes.

Jess

It’s getting so, so good. Like, you just can’t tell.

Sam

You really can’t. We’ve seen a range of people impersonated — from New Zealand politicians and celebrities to radio hosts, morning TV personalities, and reporters. More recently, scammers have pivoted to impersonating business leaders and financial experts.

Some of those people have come out in the media saying they couldn’t tell the difference between the real image and the AI-generated one. It’s a sophisticated, layered scam. You’ve got the endorsement from a well-known personality, and then it’s backed by a fake article that sounds legitimate.

It’s got sensationalism, it’s got a hook — like “New Zealand pensions are going to disappear” or “The Prime Minister is claiming something.” People are drawn in by that. They believe it. And then they do the one thing you should never do — they click on the link.

Jess

Yeah, yeah. And they trust these people, and that’s—

Sam

Exactly. They trust it. That’s the power of endorsement. Scammers — and let’s call them what they are, criminals — are working off that trust. They’re exploiting the endorsement and tapping into your emotions.

Jess

Yeah, it’s getting really scary. Could we touch a little bit on crypto scams? That’s really big at the moment, and I want to understand how that differs from the other scams you’ve talked about.

Sam

Sure. Again, it’s the same thing — it’s about money. We see two types: crypto and fake crypto.

Normally, when we’re talking about scams, it’s fake crypto. The crypto doesn’t exist. Like other investment scams, they’ve built a platform and tell you you’re buying Bitcoin or Ethereum — but you’re not. You’re just buying into a facade. It’s fake crypto.

Jess

Right, yeah.

Sam

And what a lot of people are doing — and I know you’ve talked about this in your series — is buying into something they don’t understand. When you’re investing, you need to understand what you’re investing in.

Crypto sounds good. You see people on social media showing off their lifestyle — they’re in Dubai, driving fast cars, wearing expensive watches and bags.

Jess

Yes, let’s play.

Sam

Exactly. They say they made it through crypto — but often, they’ve made it through commissions. They’re getting paid to advertise or endorse the platform.

So you’ve got to be very careful. That’s what a crypto scam usually is — it’s not actually crypto. It’s just another fake platform. It’s a facade.

Another thing we see in the crypto space is signal trading — people telling others to “trade this” or “move your money here.” But these aren’t real signals.

You’re often taking guidance from someone who just reached out to you on WhatsApp. Do you really know their background? Do you know how legitimate those signals are? Be very careful.

Jess

Yeah, I’m just like — with WhatsApp, for sure.

Sam

Any unsolicited contact. You’ve got to ask yourself: Why are they contacting me? Why are they telling me this?

It’s a little bit too good to be true.

Jess

Yeah, because I’ve also seen recovery scams in the crypto space. They’re quite big too, right? And they operate a little differently — targeting people’s vulnerable side.
 
 Sam

Yeah, recovery scams are, for want of a better word, evil. You’ve already gone through the whole journey of being scammed — a terrible, horrendous experience. And with scams, it’s not just the financial loss. There are emotional, psychological, family, and social impacts. The effects are immense.

But what happens with a recovery scam is you get hit again. They’ve got your name. It might even be the same crew that scammed you the first time. They reach out because they know your details, they know your experience, and they say, “Hey, I can help you recover your crypto, your funds, the money you invested.” But all they’re after is more money.

Jess

It’s more, yeah.

Sam

Exactly. And the sad truth is, once you’ve been scammed, the likelihood of recovering your money is fairly limited. Often, you’re just throwing good money after bad.

Jess

Yeah, absolutely. That’s right.

Sam

So if anyone reaches out to you after you’ve just been scammed, please be very careful. You’re actually seven times more likely to be scammed again once you’ve been scammed the first time.

Jess

Wow.

Sam

Yeah, because you’re vulnerable.

Jess

And I think you touched on this a little earlier — you mentioned WhatsApp. What are the various ways scammers can reach out to you? It seems very broad at the moment. Someone can reach out to you in so many different ways.

Sam

They can reach out to you in every single way. Technology has been a great enabler — it’s made the world smaller, but it’s also made people easier to reach.

Scams themselves haven’t changed much in how they work. The con, the scam — it’s fairly similar to what it was 50 years ago. What’s changed is how they reach you and how quickly they can do it.

You used to get documents in the mail — and you still can — but now you get emails, you get attractive offers in your inbox. They trigger a response, and you might click on one of those links. Don’t click on the links.

Jess

Yeah, don’t.

Sam

Please don’t click on links. You might also have someone reach out to your DMs — an unsolicited contact saying they want to be your friend. They build a relationship with you, and that can happen through social media, text messages, or one of the many messaging apps out there.

If someone reaches out and wants to be your friend, ask yourself: are they really your friend? What are they doing?

You still have people calling you on the phone. Back in my previous career — I’m an ex-banker, sorry for the disclosure — I used to tell people to be careful about picking up the phone.

Scammers love the “witching hour” — that moment in the day when your resistance is low. They’ll ring during dinner time, or when they know you’re otherwise engaged. If you’re a busy parent, they’ll call at 4pm when you’re doing the school run or trying to get your kids to football practice.

Jess

Right. Yeah, yeah, yeah.

Sam

They’re really smart. So yes, there are many ways. I’ve talked about unsolicited contact, but your own activities can also assist scammers in reaching you.

Like I mentioned earlier with the fake celebrity endorsements — you click the link, you might enter your details. Or you might be on a comparison website looking for deposit rates or investment opportunities. You think it’s no big deal, so you enter your name, email, maybe your phone number.

Next minute, you get an outreach from someone — and that someone is usually a scammer. They’re very aware, very slick, and they know all the levers to pull.

Just from that behaviour — you looking for something and entering your details — you’ve opened the door. So it’s also about being careful where and with whom you share your information. In the scammers’ world, data is gold.

Jess

It’s so easy to just go on any website and put in your details — there’s a code or a free something. I do it all the time.

Sam

Exactly. And that’s what I mean — technology is a great enabler. We’re all about doing a bit of a search, checking things out, doing some research.

We see something, we want to know more, and we do it in a sort of unconscious way now. But what we hope people will do is be more conscious, more deliberate about where they’re putting their details — and who they’re giving them to.

Jess

Yes.

Sam

Is it legit? What’s the rationale for doing it?

We saw this with comparison websites — they opened the door. And a lot of people have a certain impression of what a scam victim looks like. They think it’s someone of a certain demographic — a certain age, maybe not so comfortable with technology.

Like I mentioned earlier with pyramid and Ponzi schemes — you don’t want your grandmother caught up in it. We tend to picture someone older, less tech-savvy. But the truth is, anybody can be a victim.

Jess

One of my questions was going to be — who’s most likely to get scammed? Do scammers target certain demographics or age ranges?

Sam

There’s all sorts of research, and as I said — we are all potential victims. We’re all potential targets because we all have something of value.

Scammers are well-equipped, sophisticated, agile, and patient. They’re running multiple operations and targeting different demographics.

For example, younger people — digital natives — have vulnerabilities. They think they’re invincible because they know a bit about technology. They work fast, they don’t always listen to awareness campaigns from organisations like the FMA. It’s not of interest to them, so they’re at risk.

Similarly, professionals who think they’re sophisticated and “in the know” are still at risk.

We’re all potential victims. And if you did a straw poll and asked, “Have you ever been scammed?” I think most people would say yes. Because we’re not invulnerable.

Jess

That's a good point to note — it's not just people who don't know how to use technology.

Sam

Absolutely not. In fact, with the technological adaptations scammers are using, not having access to technology might actually make you safer.

Jess

Across the board.

Sam

Exactly. If you don’t have social media, you’re probably better off. And that’s the key thing with scams — it’s the speed they work at.

With the way technology has shifted, we live in an online environment. Everything is online. We’re fast and we’re furious, and we’re all doing things now, now, now. What we need to do is slow down.

Because we’re operating at that fast pace, that’s where scammers get us. They know we’re not working in our rational brain — we’re operating in the unconscious space.

I can admit, I almost got scammed. I got really excited — they pulled all the psychological triggers. I thought I’d won something in a competition. I was like, “You’ve won a Facebook—”

Jess

Not really. Yeah, I’ve done that for sure.

Sam

—campaign or Instagram giveaway. And I was so close to putting in all my details. But I stopped myself. I paused and thought, “Wait, wait.”

I looked at the site again and thought, “Hmm, that’s close, but it’s not exact.” Then I remembered — the draw was supposed to be the next day, not today.

So, as I said, it was the slowing down that saved me. I let myself think.

Jess

That’s the point, actually. I’ve had a similar experience on Instagram. I thought I was winning a bunch of clothes from a New Zealand local brand, so I thought it was totally safe because it wasn’t an overseas brand.

I got really excited — they DM’d me and I was like, “Wow, I get a tonne of clothes, sounds great!”

Then I went to their Instagram page and found the actual company’s account — and I realised it wasn’t them.

Sam

Exactly. That feeling of “I’ve won something!” — it’s exciting, it’s energising, and you stop thinking. You just go, “Wow, I’ve won something!”

You want to claim it. You want it now. You want to post about it. That’s what scammers prey on — that psychological response.

Jess

Absolutely, yeah.

Sam

That’s a great example of it.

Jess

And since we’ve talked a little bit about red flags, could you go through some of the really common ones — the words or triggers people should look out for?

I was thinking about this the other day — when I was growing up, it was a little more obvious. The email address would be wrong, or there’d be lots of spelling mistakes.

It felt easier to spot a scam. But it’s not like that these days. There aren’t many spelling mistakes, and the web address or email often looks legit. So what are the red flags now?

Sam

It’s crazy — there’s so much cloaking. And AI is a game changer. Language models write well, they engage well — and it’s not real. So it’s harder to spot.

Some of the red flags you should look for include urgency. Anyone telling you, “Do it right now,” or “You’re the last one,” — those urgent signals should be a sign to slow down.

Never be rushed into someone else’s timeframe. That’s a major red flag.

Another is when people don’t allow you to ask questions — or, on the flip side, they’ve answered all your questions too perfectly.

I call it “over-credentialism.” That’s my term — trademark me!

We see this a lot with scammers impersonating New Zealand companies. These fake companies have certificates for everything. They’re over-credentialed. They overcook the egg.

You’ll read a profile and see all these different stamps. I saw a great example recently — a scam with a very generic name.

Jess

Yeah, sure.

Sam

If someone comes to you with a name like “Michael Jordan,” your first search will bring up the basketball player. You won’t find anything else.

Scammers know that. They know the real information will be buried in the search engine.

So look out for generic names — Michael Jordan, Peter Williams, John Smith, Jane Doe. They love basic names.

They also use names of famous people to hide in search results.

If someone approaches you and you weren’t expecting it, that’s a red flag.

To me, that screams: Why? Why are they contacting me?

And the next question is: What’s in it for them?

The first question is often, “What’s in it for me?” But you should also ask, “What’s in it for them?”

Why are they contacting me? What’s the purpose of this interaction?

Jess

Yeah — why are they contacting me?

Sam

And the next question is: How are they getting paid for this?
 
 

Sam

When people don’t allow you to ask questions — or get agitated when you do — that’s a red flag. If you start showing discomfort or want to hang up, they’ll throw in another deal or special offer to keep you engaged.

Jess

Right — to keep you hooked.

Sam

Exactly. They want to keep your hope alive, keep you on the line, keep you on the hook. That’s another red flag.

If someone approaches you out of the blue, and you weren’t expecting it — that’s a red flag too.

And then there’s the “too good to be true” factor, which is huge in investment scams. Because fundamentally, investments don’t just go up and up and up. They’re like a rollercoaster — they go up and down.

So if someone tells you it’s guaranteed, or there’s no risk, or very little risk — that’s a huge red flag.

Another thing to consider is whether the person has actually understood your goals. What’s your risk profile? Often, they’ve approached you unsolicited, created momentum and enthusiasm — but they haven’t taken the time to understand what you need.

Jess

Right, yeah — exactly.

Sam

Any investment decision should include an understanding of your goals — whether it’s 3, 5, 10, or 25 years — and how much risk you’re prepared to tolerate to reach those goals.

If you haven’t sat down and thought about that, you should be asking whether this is the right investment for you.

Similarly, with crypto — do you actually understand what you’re investing in? Do you understand the risks? Is this the right product or service for you?

You’ve got to keep asking those questions and reflect on whether this is the right way to go about it. Because when you slow down and ask those questions, you might realise: “Why am I doing this?”

That’s often what we hear from people who’ve been scammed. Because of the manipulation and psychology involved, they say, “I didn’t actually want to go into that. I didn’t approach them — they approached me. I’ve just been talked into something.”

Jess

Yes, yeah.

Sam

So be very careful about people who approach you blindly.

We’ve talked about how scammers can reach you in so many different ways. And the thing that always concerns me — the thing that keeps me awake at night — is how patient they are.

That’s one of the key differences with investment scams compared to other types. Investment scammers are extremely patient because the return is usually huge.

Jess

So they’re willing to chat to you for a while?

Sam

Yes — and the actual process of getting access to your funds might take years.

They build a relationship, and that’s really challenging. Because the victim has invested in that relationship.

So not only have they lost money or an asset — they’ve lost a relationship they’ve invested heavily in. That’s a very hard place to be.

Another red flag is the constant asking for more money. “Put in another $1,000 and you’ll unlock the next level.” That continual push for more is a warning sign.

And when you don’t put in more, they switch to aggressive sales tactics — or worse, they start grooming you.

“Why don’t you get a loan?”

“Why don’t you ask your family?”

“How can you access more money?”

They go into different tactics. And because of the relationship they’ve built, people feel like they can’t say no.

So they borrow money, ask friends, sell assets — even put their house on the market to invest more. That’s incredibly challenging.

Another red flag is when someone tells you not to trust an institution — whether it’s a bank or a payment provider.

They’ll say, “They’re only in it for profit,” or “They’re just interested in their product.”

But that’s exactly what the scammer is interested in. They’ve got a clever script to make you distrust the very organisations that could help you.

Jess

Yeah. What kind of steps can people take if they’ve fallen victim to a scam? What should they do first?

Sam

First thing — stop. Yes, stop all interaction. Just halt it.

I know some people think they’re helping by dragging it out or keeping in touch — but stop.

If you’ve paid any money — whether it’s crypto or anything else — contact the payment provider as soon as possible.

As soon as you realise something’s not right, contact whoever you used to make the payment. Hopefully, they can stop further transactions or even recover something. But they can’t help if they don’t know.

The next step is to check what you’ve done. Reflect on what you’ve shared.

If you’ve provided your ID, you might need to change things. If you’ve given your credit card or bank details — check it out.

If they’ve accessed your device remotely, you’ll need to get it cleaned by an IT specialist or reset it to factory settings.

And finally — report it.

If it’s an investment scam, please tell the Financial Markets Authority. We can do something about it.

Scams are often loud — if it came to you via text, report it to 7726.

If you’re uncomfortable with the relationship or something feels off, reach out to support services like Netsafe.

There are many places that can help — but reporting is vital.

It helps us work on the scam, and it helps others avoid the same situation.

So: stop, check, and report.
 
 Jess

One thing I often notice is that people don’t take that step of reporting it. And I do wonder — why don’t people report scams?

Sam

There are so many reasons. A lot of it comes down to how being scammed makes you feel. There’s fear, self-doubt, and blame. You’re in a really poor place emotionally.

On top of that, there’s the impact of what you’ve lost — the financial loss, the loss of identity, and the loss of trust in yourself.

The second reason is people wonder what happens when they report it. They think, “It’s not going to make a difference for me.”

Jess

Yeah, it’s already impacted me — so totally.

Sam

Exactly. But it will make a difference. And if nothing else, it will make a difference to someone else.

Sharing your experience helps others avoid going through the same thing.

We hear this a lot in the reports we receive. People say, “I know this won’t change what’s happened to me, but I don’t want anyone else to experience what I’ve gone through.”

And that’s really vital.

Last year, the reported figure for scams in New Zealand was around $194 million. But that’s just what was reported.

Estimates are probably closer to $2 billion — if not more.

Reporting is vital because it helps us do something about the scam. It helps other people.

Everyone who works in this space is passionate about eradicating scammers and the harm they cause. We all want to get to victim zero — where nobody gets scammed.

But we can’t get there without people telling us what’s happening.

I know how uncomfortable it is for victims. There’s desperation, confusion, and a sense of not knowing what to do.

But reporting makes a difference. You can’t change the past — but you can help shape the future. And that’s what reporting does.

Jess

That’s great. And how can someone support a whānau member, a family friend — someone they can see is possibly deep into a scam?

How can they support that person? I imagine that’s quite different from being scammed yourself — especially if someone doesn’t know they’re being scammed or is quite far into it. What kind of support can you provide?

Sam

It’s so hard. All you can really offer is love and empathy.

You can help the person on their journey — hopefully to realising they’ve been scammed. You have to be patient, empathetic, and try not to be judgmental.

Victims will judge themselves enough when they reach that realisation.

Unfortunately, these situations are incredibly destructive. They break up families, relationships, friendships, social groups — everything.

So if you’re supporting someone who’s a victim of a scam, be patient. Be caring. Help them on their journey and try not to judge.

There are wonderful support services out there. Reporting can help access those services.

And hats off to anyone supporting someone in this situation — it’s life-changing.

You also need to look after yourself. It’s really hard when you can see something your loved one can’t.

It’s frustrating. There’s often anger, blame, and recrimination. You need to try and put those feelings aside and help the person move forward — but at their pace, not yours.

They’ll come to the realisation at a different point than you. It might take longer. They might see things differently.

And when someone’s had a two- or three-year relationship with someone — even if they’ve never met in person — they feel deeply connected.

There’s trust, time, and emotional investment. It’s very hard to unravel that.

So be patient. Support them out of it — and beyond it.

Because realising you’ve been scammed is just one part. The future is the other.

Investment scams often involve large sums of money. They destroy futures — retirement plans, big trips, helping kids into uni or their first home.

Jess

Like money — yeah, exactly. And that impacts your whole life.

Sam

Dreams.

And that’s really hard. Because people go into investment scams with good intentions. They’re trying to build a future for their family and themselves.

They think they’re making a difference — and then they watch it all crumble.

Jess

Yeah. Yeah, I’m from teaching.

Sam

So it’s a long journey out of that. There are huge emotional and financial factors.

People need support, patience, and self-care.

There’s a lot of blame — but try not to carry that.

Jess

I don’t want people to think, “I’m never going to start investing — it sounds too scary.”

Where can people go on our website? We have some great information — our list of warnings.

Can they go to the FMA website to get more education about investing and where they can invest safely?

Sam

Absolutely. Our website is a great resource.

It covers different types of investments and how to spot scams.

When choosing a provider, ask the hard questions.

Often people are told about the upside — “You’ll get this return,” “We’ll do this for you,” “It’ll be great.”

But think about what happens when things go wrong.

What happens when things get hard?

If Jess and I get into a dispute — where do I go?

If I’m dealing with an offshore entity — how easy is it to engage with them if we don’t agree?

Having access to someone independent to complain to — like a dispute resolution scheme — is really important.

We go into investing thinking glass half full — “I’ll put my money in and get XYZ return.”

But sometimes things don’t go well.

You might have trouble accessing your money, or the investment isn’t performing.

You need somewhere to complain.

Do they have a complaints process? Is it stated? How do you get your money out?

These are the things to have front of mind.

Reputable organisations will provide that information upfront.

They’ll likely have a disclosure statement.

They won’t be reaching out to you via WhatsApp or messaging apps.

Jess

Should be easy to find on the website, right?

Sam

Exactly. They’ll be professional.

If they’re using a Gmail address — that’s a red flag.

You’re looking for professionalism and extra layers of verification.

You should be able to validate what they’re telling you independently.

Because scammers are con artists. They tell you what sounds good — what you want to hear.

To make it harder for them, do your own independent checks.

Jess

Really important. Thank you so much for your time today, Sam. I really appreciate it.

I hope people have learned more about red flags and the importance of doing background checks before rushing into anything.

I think that’s really—

Sam

Important.

Jess

Could you just finish with your top tip? If someone’s listened to this whole episode — there’s a lot of information here — what’s your one key takeaway?

Sam

Key takeaway: slow down. Do it at your pace. Stop, check, and report.

Jess

Love that. Great note to finish on.

Thank you so much for your time today.

Thank you.

And thank you so much for listening.

If you’d like more information on scams or how to invest safely, head to our website.

The FMA is here to help. We have a full list of warnings and alerts — just head to https://www.fma.govt.nz/scams.

We’ll see you next time.

Disclaimer: The content of this podcast is of a general nature and is not financial advice. The thoughts and opinions of guest speakers are not those of the FMA. The FMA recommends that our audience seek advice in respect to investing from a regulated financial adviser. The FMA does not accept any responsibility for loss that any person may suffer from following this content.