Vancouver – The British Columbia Securities Commission is warning the public not to purchase shares or other securities of Flag Resources (1985) Limited, a mining company that has been cease-traded in British Columbia since 2006. Buying or selling any securities of a cease-traded company is an offence under the Securities Act.
The BCSC has become aware that shares and warrants of Flag Resources are being distributed throughout British Columbia and Alberta, with much of the activity taking place in Kelowna.
The BCSC urges investors, agents, or members of the public who have been approached or have information about Flag Resources to contact the BCSC inquiries line at 604-899-6854 or 1-800-373-6393 (toll free).
The BCSC is the independent government agency responsible for regulating trading in securities within the province. Learn how to avoid investment fraud at the BCSC’s investor education website: www.investright.org.
Over the past few years, I have read many stories about people who are managing their own money through online brokerage firms. The trend toward self-directed investing gained momentum during the financial crisis when people felt their financial advisor was not meeting their needs. Going at alone is also attractive to younger investors who want […]