New Zealand's FMA Warns Against HyperFund

The New Zealand's Financial Markets Authority (FMA) today published a warning on its website against HyperFund.

The firm is using or giving the following details:

Websites:  https://thehyperfund.com/

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As detailed in the notice, the regulatory body said that the suspicious entity may be operating a scam. It has received reports of them recruiting affiliate investors in New Zealand. HyperFund operates on a Multi-Level Marketing (MLM) model and claims to offers passive investment opportunities.

In addition, the entity is not registered or licensed to provide financial services/products in New Zealand. The New Zealand watchdog recommend exercising caution when dealing with this entity.

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Let's recall that, UK regulator Financial Conduct Authority(FCA) has issued a warning against HyperFund in March 2021. This firm may be providing financial services or products in the UK without authorization.

As Fazzaco reported earlier, FMA has issued a warning against Cullman Mutual Capital​. The regulator has received a report of the entity offering shares in companies at discounted prices. This is a common hallmark of a shares scam.