The BC Securities Commission (BCSC) proactively helps protect British Columbia investors by publishing an Investment Caution List.
In this blog post, we highlight fourteen names that were added to the Investment Caution List between January and May 2015.
In March, the CSA released an Investor Alert warning investors to exercise caution when considering an investment in binary options. The CSA is aware of many websites promoting binary options trading platforms that are soliciting Canadians. BCSC staff have added eight entities to the Investment Caution List since January that are promoting binary options.
- Citrades, a trading firm with offices in Africa, Asia, Australia, Europe, and the USA was added to the Investment Caution List when they allowed a BC resident to open an account with their firm.
- Options XO appeared on BCSC’s radar when a BC resident was able to open an account with them.
- OneTwoTrade was added to the Investment Caution List when they allowed a BC resident to open an account and trade with the firm.
- Nadex Pro Signals‘ binary option promotions were discovered when BCSC staff discovered their website.
- JavierYep.com provides services in forex trading and binary options. BCSC staff became aware of JavierYep.com after finding their website.
- UK Options was flagged by BCSC staff when a BC resident was able to open an account with them.
- Zulu Trade Inc. provides services in forex trading and binary options. BCSC staff found out about them through their website.
- Lifestyle Forex Management Limited claims to be a legally registered private investment firm in London, UK, with partners in the USA and South Africa. They were added to the Investment Caution List when BCSC staff found their website.
- A&L Royal Finance Inc., purportedly with offices in BC and other provinces of Canada was added to the Investment Caution List when BCSC staff uncovered an advertisement that they placed.
- Eco Money Broker, an apparent Forex trading firm came to the attention of BCSC staff when they allowed a BC resident to open an account with their firm.
- Sachs International, S.A., was added to the Investment Caution List when BCSC staff became aware that they were soliciting BC residents to open accounts with them.
- Ecovexco Investment Group, LLC, purportedly with offices in North Carolina and London, England, offers investments with high returns. BCSC staff discovered that they had placed advertisements in BC seeking investors.
- Hope Investment Group claims to be a registered private investment firm in the United States, with partners in Canada, China, and South Africa, that offers trading services.
- Los Angeles Investment Club d.b.a. Bakersfield Investment Club, based in Bakersfield, California, purports to offer an investment opportunity that pays monthly dividends and has a return of 15%.
The British Columbia Securities Commission is investigating Rashida Samji and Arvindbhai B. Patel (also known as Arvin Patel) in regards to their involvement in an investment scheme. As part of a regulatory investigation, the BCSC is looking at transactions related to an investment sold by Samji. As the sole director and officer of Samji and […]
The British Columbia Securities Commission is investigating Sung Wan “Sean” Kim, the principal of Cirplus Futures Inc., a Vancouver-based exchange-contracts dealer. Anyone who has had recent financial dealings with Kim or is a client of Cirplus should contact the BCSC. Anyone who may have information about the whereabouts of Kim should also contact BCSC staff. […]