Canadian and UK Regulators Update Warnings

Fulfilling their duty to protect investors from suspect and potentially unscrupulous firms, a number of regulators have issued warnings today, which can be found in the table below.

Specifically, two Canadian provincial authorities, the British Columbia Securities Commission and the Ontario Securities Commission, as well as the U.K.’s Financial Conduct Authority have urged caution in dealing with the following firms.

Regulators routinely issue warnings to investors, publishing details of firms that are suspected of misconduct. Such firms can include unregistered firms that solicit investors to open trading accounts, businesses from other jurisdictions that have solicited local residents to buy unqualified investments, and companies connected, or purporting to be connected, to the local jurisdiction that have solicited investors in other jurisdictions to purchase unqualified investments.

As such, investors are warned not disclose personal information or engage in trading activities with such questionable entities.

Indeed, almost all firms offering financial services in all three jurisdictions must be registered or authorised by the local watchdog. Many unauthorised or unregistered firms will contact potential investors out of the blue, and may be running scams.