Unregistered Companies Accepting Funds from BC Residents
The BCSC became aware of six businesses not registered to trade in, or advise on, securities or exchange contracts in BC. These companies accepted funds from British Columbia residents for trading.
HB Global claims to be an investment firm that invests client funds in the derivatives market.
BTM Global Investment purports to offer high returns through investments in the cryptocurrency market.
LM Swiss Direct Ltd. purported to trade in binary options.
International Derivatives Group purports to trade in the OTC derivatives market and claims to have a branch office in Toronto, Ontario.
Fxtradex claims to be an online binary options trading platform provider.
ProActive Trade claims to be based in Zurich, Switzerland, and offered an online trading platform.
For information on how to become better informed about investment products and services: https://www.investright.org
For information on how to become better informed about cryptocurrencies and ICOs: https://www.investright.org/about-investing/what-are-initial-coin-offerings-or-icos/
We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
Report Suspicious Investments to the BCSC
The BCSC relies on information from the public and other agencies when identifying and adding new entities to the list.
You can bring companies or individuals to our attention using the Report a Concern form or by contacting BCSC Inquiries at [email protected]. Remember to keep records in case you need to make a complaint or take legal action.
If you have any concerns about an individual or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected] You can also file a complaint or submit a tip anonymously using the BCSC’s online complaint form.
InvestRight.org is the British Columbia Securities Commission’s investor education website.
Canadian securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC), and the Mutual Fund Dealers Association (MFDA) today announced the launch of an expanded Canadian Disciplined Persons List. We have answered some questions you may have about the list below. When should I use the list? You should use the list as […]