Five New Additions to BCSC’s Investment Caution List

The BC Securities Commission (BCSC) proactively helps protect British Columbia investors by publishing an Investment Caution List.

In this blog post, we highlight five names that were added to the Investment Caution List between September and December 2014. The entities listed below are not registered to trade in, or advise on, securities or exchange contracts in BC.

December 2014

Binary Goal was added to the Investment Caution List after BCSC staff became aware that British Columbia residents are able to open accounts through its website. Binary options are a type of option whose payout depends on whether the underlying asset increases or decreases in value. Options are considered to be securities under BC’s securities legislation.

Coventry Trading S.A., which contends to have an office in Panama City, Panama, offers investments with high returns. It was added to the Investment Caution List after a BC resident reported that they received unsolicited telephone calls, offering to trade on his behalf.

November 2014

Capital One Forex claims to be a foreign exchange (Forex) broker and provides a platform for trading in Forex. It was added to the caution lists when staff discovered that British Columbia residents are able to open trading accounts through Capital One’s website.

October 2014

Eastern Metal Securities, which claims to have a head office in Singapore, is offering investments with high returns. It was added to the Investment Caution List after a BC resident invested with Eastern Metal.

September 2014

Abler Finance, purportedly with an office in Calgary, Alberta, is offering a risk-free investment that requires a minimum investment of USD $1,000,000 for trading.

For a list of Investor Alerts affecting Canadian investors, please visit the Canadian Securities Administrator’s Investor Alerts page.

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