Canada’s BCSC Adds Bristol Financial Offshore to its Warning List

Monday, 16/01/2017 | 07:51 GMT by Finance Magnates Staff
  • The watchdog has added a further entity to its warning list for soliciting its services without authorisation.
Canada’s BCSC Adds Bristol Financial Offshore to its Warning List
Finance Magnates

The British Columbia Securities Commission (BCSC), one of the thirteen provincial financial regulators in Canada, has added investment firm Bristol Financial Offshore to its ever-growing Investment Caution List, according to a BCSC statement today.

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Solicited Services Without Permission

The BCSC became aware of Bristol Financial Offshore after finding that the firm had solicited a British Columbia (BC) resident.

Bristol Financial Offshore, operating as Bristol Financial and Bristol Offshore operates online under the url www.bristoloffshore.com, is based in New York and Luxembourg. The firm offers clients a range of Execution -only and full-service accounts via a fully automated Online Trading system.

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

This latest warning follows last month’s addition of two further brokerages, Royal Downing Investments and FX-Inter, who unlawfully solicited their services in a similar manner, as reported by Finance Magnates.

BCSC Background

The BCSC is the independent provincial government agency responsible for regulating securities trading in British Columbia 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 unauthorised activities.

In parallel to today’s warning against Bristol Financial Offshore, the BCSC has reminded BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.

The British Columbia Securities Commission (BCSC), one of the thirteen provincial financial regulators in Canada, has added investment firm Bristol Financial Offshore to its ever-growing Investment Caution List, according to a BCSC statement today.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong

[gptAdvertisement]

Solicited Services Without Permission

The BCSC became aware of Bristol Financial Offshore after finding that the firm had solicited a British Columbia (BC) resident.

Bristol Financial Offshore, operating as Bristol Financial and Bristol Offshore operates online under the url www.bristoloffshore.com, is based in New York and Luxembourg. The firm offers clients a range of Execution -only and full-service accounts via a fully automated Online Trading system.

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

This latest warning follows last month’s addition of two further brokerages, Royal Downing Investments and FX-Inter, who unlawfully solicited their services in a similar manner, as reported by Finance Magnates.

BCSC Background

The BCSC is the independent provincial government agency responsible for regulating securities trading in British Columbia 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 unauthorised activities.

In parallel to today’s warning against Bristol Financial Offshore, the BCSC has reminded BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.

About the Author: Finance Magnates Staff
Finance Magnates Staff
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About the Author: Finance Magnates Staff
  • 4235 Articles
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