New Zealand’s FMA Warns Against Starlink IPO Scams

​The Financial Markets Authority (FMA) of New Zealand today has issued a warning against Starlink, which was suspicious of scamming investors to buy fictitious Public Share Offering (IPO) shares of it.

The FMA addressed that it has recently received reports related to the firm, and was aware of a number of complaints and inquiries about these types of frauds, which might be promoted on social media and internet sites, by telephone, email, in person, or by other means.

The Authority warns that New Zealand consumers and investors to operate with caution when receiving unsolicited communication asking them to buy shares or put their money into offshore firms, for the reason that it’s illegal in New Zealand to sell financial products through cold-calling or other unsolicited communication.