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: Unregistered Binary Option Platforms

Fourteen New Additions to the Investment Caution List

Four New Additions to BCSC's Investment Caution List

More Resources

Investor Alert: Canadian Securities Regulators Warn Public About Trading Scam Using Fake Accreditation

The CSA is warning the public about a trading scam advertised under the name of Mercury Crypto Invest (Mercury).

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 […]