2 minute read
FOR AVOIDING INVESTMENT SCAMS
by Times Media
It’s important to conduct your own due diligence to understand which opportunities are legitimate, which are too good to be true, and which are fraudulent. This article shouldn’t be read in lieu of financial advice and we always recommend talking to a financial adviser before making any investments.
QUESTIONS YOU NEED TO ASK:
> Are they a legitimate company with directors and offices in New Zealand? This information is publicly available on the Companies Office website.
> Are they on the Financial Markets Authority (FMA) watchlist? This is a list on the FMA website regularly updated with known investment scams.
> Are they licensed by the FMA to provide the services they offer? Before investing
Heather Kentsley
with a company, it’s a good idea to check the FMA website to ensure they are licenced to operate in NZ.
> Do they have a real office that you can visit? A company without a local premise in New Zealand could be a sign of a fraudulent business.
> Can you sign up and view the investment opportunity in detail before investing? Understanding an investment opportunity and the risks involved is a key part of due diligence. Not having visibility over investment details could mean something fishy.
> Are the funds going into NZ bank account with an NZ IRD number? New Zealand investment companies should be dealing with New Zealand accounts, so be weary of any international money transfer requirements.
Southern Cross Partners is an FMA-licenced peer-to-peer investment company. We are 100 per cent NZ owned with no offshore investments or parent company. We have real offices at 16 Selwyn Road in Howick, and we welcome visits from investors whenever you’re in the area.
Stories are cropping up about poor Kiwis losing hardearned money over fraudulent investments. Southern Cross wants to make sure you’re equipped with the right questions to ask before investing, with our top six due diligence must-do’s.
For more information on SCP’s investments, or if you have any questions about due diligence for our investment opportunities, feel free to call 0800 00 58 43 or go to www.southerncrosspaertners.co.nz
Disclaimer: All investment opportunities are subject to change and subject to availability. Southern Cross Partners Ltd is licensed to provide Peer to Peer lending services under the Financial Markets Conduct Act 2013. This article is general in nature only and has not taken into account any particular person’s objectives or circumstances. We recommend you speak with a financial adviser before making any investment decisions.
Sometimes it can be hard to balance the need to save for your future, as well as enjoying the adventures that pop up every day. Our unique investment model offers you the flexibility to do both.
At Southern Cross Partners, we offer mortgage secured loans that allow investors to pick and choose their level of involvement. With current returns from 7.00% p.a.* paid out monthly. Talk to us today about a new, flexible way to invest, minimum investment $10,000.00.^
To find out more, visit us online at southerncrosspartners.co.nz
* Investment rate subject to change. ^Subject to availability. Southern Cross Partners Ltd is licensed to provide peer-to-peer lending services under the Financial Markets Conduct Act 2013.
