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 has become aware that Mission Mining Company, a company based in Nevada with no apparent connection to B.C. or any jurisdiction in Canada, issued a news release on November 21, 2013 that claimed it had posted a National Instrument 43-101 report on its website. The report allegedly confirms a very […]
Every year, the North American Securities Administrators Association (NASAA) releases an annual list of the top five threats to investors. NASAA determines its list by surveying state and provincial securities regulators to find out what products and schemes have been the most harmful to investors. Below are NASAA’s top five threats, which are linked to […]