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January 29, 2016 12:00 am | Author: investright

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
.

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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
listed below are registered to trade in, or advise on, securities or exchange
contracts in BC:

UFX.com
and Reliantco Investments Limited
. UFX.com, a trading website operated by
Reliantco was flagged by the Manitoba Securities Commission after a Manitoba
resident responded to a Facebook advertisement and subsequently lost a
significant amount of money.

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OptiCrown,
which purports to have an office in London, England, offers an on-line trading
platform for binary options. The BCSC became aware of OptiCrown after a BC
resident was able to open an account with them.

Schmidt
& Hammond
alleges to have an office in London, England, and offers to
trade on behalf of clients in investment opportunities that promise high
returns. They placed an advertisement that caught the attention of BCSC
investigators.

Smart
FX Online
appeared on BCSC’s radar due to an advertisement they placed
claiming that they have an office in Seattle, Washington, and offers a service
to trade investors’ money in forex.

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If you have any questions about any of the companies listed
on our Investment Caution List, please contact BCSC Inquiries at 604-899-6854
or 1-800-373-6393 (toll free), or through email at inquries@bcsc.bc.ca.



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