Investment scams

Some scams that use the language of 'financial investments' are outside ASIC's responsibilities. Read more about the types of investment scams and how to reduce the risk of being scammed on Moneysmart's Investment scams page.

You can report these types of scams to SCAMwatch at the Australian Competition and Consumer Commission (ACCC), the ATO or ReportCyber.

Contact consumer affairs in your state or territory if your complaint is about:

  • scams involving consumer goods and services
  • pyramid marketing schemes not involving a financial product.

ASIC is interested in scams involving a financial product, such as:

  • investment scams, promising returns that are too good to be true, that are offered through social media, website or phone scammers impersonating financial services firms
  • websites claiming to be regulated and/or authorised by ASIC

We welcome reports of misconduct about financial scams but we will only contact you about your report if we need more information:

Last updated: 21/06/2023 12:00