Investor Alert: BaFin Warning About Misleading Buy Recommendations

The British Columbia Securities Commission (BCSC) has become aware that the Federal Financial Supervisory Authority of Germany (BaFin) issued a warning to investors about Goldex Resources Corporation, a Vancouver-based TSXV company.

The BaFin alert states that: “buy recommendations are currently being issued for shares in Goldex Resources Corp. (ISIN: CA3813663018) via e-mail market letters. BaFin has evidence indicating that these buy recommendations contain false or misleading information and/or that existing conflicts of interest are wrongfully concealed.”

The BCSC encourages investors to carefully consider all public information about a company before making an investment decision. The BCSC asks investors to contact the BCSC Inquiries line at 604-899-6854 or 1-800-373-6393 if they received buy recommendations on Goldex through email newsletters.

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 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

Investor alert: “Split games,” a Type of Pyramid Scheme | 投資者警示 : “拆分盘”,一种金字塔式经营计策

Investor Alert: BCSC Issues Warning About Vancouver Stock Exchange Corp.

Investor Alert: Unregistered Binary Option Platforms

More Resources

Manitoba Securities Commission Alert and Three New Additions to BCSC’s Investment Caution List

The BC Securities Commission (BCSC) proactively helps protect British Columbia (BC) investors by publishing an Investment Caution List. In this blog post, we discuss an alert published by the Manitoba Securities Commission and highlight three names that were added to the BCSC’s Investment Caution List between September 2015 and January 2016. None of the entities […]

Investor Alert: Securities regulator investigating Sung Wan Kim

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. […]