Investment Caution List: 6 New Additions

The British Columbia Securities Commission (BCSC) recently added six entities to the Investment Caution List (ICL).

Some of these entities claim to offer binary options, cryptocurrencies, or an online trading platform.

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

HB Global claims to be an investment firm that invests client funds in the derivatives market.

BTM Global Investment

BTM Global Investment purports to offer high returns through investments in the cryptocurrency market.

LM Swiss Direct Ltd.

LM Swiss Direct Ltd. purported to trade in binary options.

International Derivatives Group

International Derivatives Group purports to trade in the OTC derivatives market and claims to have a branch office in Toronto, Ontario.

Fxtradex

Fxtradex claims to be an online binary options trading platform provider.

ProActive Trade

ProActive Trade claims to be based in Zurich, Switzerland, and offered an online trading platform.

Report a Concern

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 the BCSC’s online complaint form.

InvestRight.org is the British Columbia Securities Commission’s investor education website. Subscribe to receive email updates from BCSC InvestRight.

Suggested Reading

Enforcement Roundup – July 2019

Enforcement Roundup - November 2020

Enforcement Roundup - November 2019

More Resources

Investor Warning: Protect Yourself From Online Crypto & Forex Schemes

The BCSC's Enforcement Division is seeing a large number of websites targeting investors with packaged cryptocurrency or forex products that feature common fraud warning signs.

Enforcement Roundup – October 2020

A summary of enforcement decisions in British Columbia in September 2020 and October 2020 taken by securities regulators.