Canada’s NSSC Cautions Investors against Kaizen Group

The Nova Scotia Securities Commission (NSSC), one of the thirteen provincial financial regulators in Canada, has added the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term investment firm Kaizen Group International Ltd to its ever-growing Investment Caution List, according to an NSSC statement today.

Kaizen’s products and services are offered on several websites, the main one being www.kaizenglobal.com, which is owned by Kaizen Group International Ltd., a company registered in England. According to the NSSC, the sole shareholder and director of the company, Reza Mokhtarian, lives in Ontario and has been charged under the criminal code with fraud of over $5,000.

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Kaizen Group, operating online under the url kaizenglobal.com, offers clients a range of financial services which includes seminars about forex, social trading, as well as unrealistic payouts are associated with its affiliate programs, which compensate clients for attracting new traders.

According to the Nova Scotian watchdog, this firm is not registered to trade in or advise on securities or exchange contracts in the province and is one of many alerts issued by the watchdog which involve unauthorised soliciting or contact with retail investors in Canada by unlicensed brokers.

Getting back to the warning, after briefly explaining certain risks related to derivatives products, the provincial authority noted that online advertising services are a dangerous place to shop for investments and recommends exercising extreme caution when dealing with firms that are not registered in Nova Scotia.

The NSSC is the independent provincial government agency responsible for regulating securities trading in Nova Scotia through the administration of the Securities Act. The regulator website provides information, tools and resources for investors, including investor warnings about individuals and companies that appear to be engaging in unauthorized activities.

To fulfil its mandate, NSSC also works in close co-operation with the securities regulatory authorities across Canada through the Canadian Securities Administrators (CSA). The CSA is the umbrella organization for the 13 securities regulators of Canada’s provinces and territories that work together to coordinate and harmonize the Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term of Canada’s capital markets.