The British Columbia Securities Commission (BCSC) added five companies to the Investment Caution List. These entities claim to operate in binary options trading, contracts-for-difference (CFDs), foreign exchange (forex) trading, and more.
The Investment Caution List identifies unregistered activity and unqualified securities promoted in British Columbia. The BCSC relies on information from the public and other agencies to identify new entries to the List.
None of the companies listed below are registered to trade in, or advise on, securities or exchange contracts in BC. We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
New Additions to the Investment Caution List
BCSC staff became aware of 332option, which claims to be licensed by the Cyprus Securities and Exchange Commission under the name BIS, and offers an online binary options trading platform. The 332option posting was being promoted through the Vancouver, BC, online classifieds section of a social media site. BCSC InvestRight recently warned investors of the dangers of binary options and binary options scams.
BCSC staff recently became aware of Atlantic Global Asset Management (AGAM) accepting funds from a BC resident. AGAM claims to be an investment firm located in the Republic of Cabo Verde.
BCSC staff recently became aware of uTrader and Day Dream Investments. Staff also received information that a BC resident was able to open a trading account with uTrader.
uTrader claims to be an online contracts-for-difference (CFDs), forex, and options trading platform provider. Day Dream Investments Ltd., which claims to be located in the Republic of the Marshall Islands, owns the uTrader website and the uTrader trademark. Day Dream Investments Ltd. claims to be located in the Republic of Marshall Islands.
The BCSC recently became aware of Asia & Pacific Holdings Inc. and the fact that it was purporting to sell securities from BC. The company claimed to be an investment firm with offices in Hong Kong, Japan, and Vancouver, BC.
The BCSC recently became aware of USI-TECH Limited (USI) after finding advertisements targeting BC residents. The company claims to be an online forex and Bitcoin trading platform provider located in Dubai, United Arab Emirates.
Report Suspicious Investments to the BCSC
You can bring companies or individuals to our attention using the Report a Concern form or 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 a person 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 BCSC’s online complaint form.
InvestRight.org is the British Columbia Securities Commission’s investor education website.
In May, the BC Securities Commission (BCSC) issued one notice of hearing and the Investment Industry Regulatory Organization of Canada (IIROC) released two penalty decisions relating to BC residents. The Mutual Fund Dealers Association (MFDA) did not release any decisions or settlement agreements during May relating to BC residents. You can find a summary of […]