Market Overview

Investor Alert: ASC warns public about investoneforme

Share:

Investor Alert: ASC warns public about investoneforme

Canada NewsWire

CALGARY, Aug. 7, 2018 /CNW/ - The Alberta Securities Commission (ASC) is warning Alberta investors to exercise caution if solicited by investoneforme, a purported investment firm headquartered in Brazil.   

The public should be aware that investoneforme is not registered to sell securities or derivatives in Alberta.

There are several "red flags" common to illegal investment schemes present in investoneforme's promotions:

  • Lack of registration. With limited exceptions, any firm or individual selling securities or derivatives to investors in Alberta must be registered with the ASC.

  • Suspicious contact information. The firm's location is listed as Brazil, but the map provided on the website shows investforme as being located in Panama. Further, original photos of investforme's "Executive Team" on its website were copied from another company, but with different names. The photos have since been removed and the names changed.

If you are considering an investment opportunity through a company that is not registered, be sure to understand whether the company is complying with applicable securities laws. The ASC encourages all investors to check the registration status of any person or company selling investments to Canadians using the Canadian Securities Administrators' National Registration Search database: www.aretheyregistered.ca.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

SOURCE Alberta Securities Commission

View original content: http://www.newswire.ca/en/releases/archive/August2018/07/c8209.html

View Comments and Join the Discussion!