Investment Caution List: 6 New Additions

The British Columbia Securities Commission (BCSC) recently added six entities to the Investment Caution List (ICL).

Some of these entities claim to offer binary options, cryptocurrencies, or an online trading platform.

 

Unregistered Companies Accepting Funds from BC Residents

The BCSC became aware of six businesses not registered to trade in, or advise on, securities or exchange contracts in BC. These companies accepted funds from British Columbia residents for trading.

HB Global

HB Global claims to be an investment firm that invests client funds in the derivatives market.

BTM Global Investment

BTM Global Investment purports to offer high returns through investments in the cryptocurrency market.

LM Swiss Direct Ltd.

LM Swiss Direct Ltd. purported to trade in binary options.

International Derivatives Group

International Derivatives Group purports to trade in the OTC derivatives market and claims to have a branch office in Toronto, Ontario.

Fxtradex

Fxtradex claims to be an online binary options trading platform provider.

ProActive Trade

ProActive Trade claims to be based in Zurich, Switzerland, and offered an online trading platform.

 

Resources

For information on how to become better informed about investment products and services: https://www.investright.org

For information on how to become better informed about cryptocurrencies and ICOs: https://www.investright.org/about-investing/what-are-initial-coin-offerings-or-icos/

We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.

 

Report Suspicious Investments to the BCSC

The BCSC relies on information from the public and other agencies when identifying and adding new entities to the list.

You can bring companies or individuals to our attention using the Report a Concern form or by contacting BCSC Inquiries at [email protected]. Remember to keep records in case you need to make a complaint or take legal action.

If you have any concerns about an individual 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 the BCSC’s online complaint form.

InvestRight.org is the British Columbia Securities Commission’s investor education website.

Suggested Reading

Elder Financial Abuse: Protect Yourself and Those You Love

BC Securities Enforcement Roundup – June 2014

In Your Community - November 2014

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