Investor Alerts http://fcnb.ca/investor-alerts-rss.html hourly 1 1970-01-01T00:00+00:00 New Brunswickers warned about unregistered firms soliciting investors http://fcnb.ca/pc_url_38978477 <div class="plain"><br></div><div class="plain"><font style="" class="heading1"><b><img width="250" align="left" src='//0104.nccdn.net/1_5/3b6/098/255/Investor-Alert---Blue-Sails-and-HB-Global.jpg' style="margin: 15px 15px 15px 0px;float: left" height="288" size="250" border="0" daid="18005044">New Brunswickers warned about unregistered firms soliciting investors</b></font></div><div class="plain"><b><br></b><p class="plain">The Financial and Consumer Services Commission (FCNB) is warning New Brunswickers about solicitation from unregistered firms. FCNB staff are aware of two companies that are targeting individuals in the province to invest specifically in foreign exchange (Blue Sail Trading) or more generally in the derivatives market (HB Global).</p><p class="plain"><br></p><p class="plain">Blue Sail Trading claims to be an investment firm that invests client funds in the foreign exchange market and claims to have offices in Costa Rica, Panama, Colombia and Dubai. HB Global claims to be an investment firm that invests client funds in the derivatives market. HB Global also claims to be based in Dublin, Ireland.</p><p class="plain"><br></p><p class="plain">These companies are not registered to trade in or advise on securities or derivatives in New Brunswick, and HB Global has had an <a link="" target="_blank" href="https://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/HB_Global/" class="plain">Investor Alert placed in British Columbia</a> for selling investments without being registered.</p><p class="plain"><br></p><p class="plain">Investors are urged not to deal with companies that are acting illegally by soliciting investors in jurisdictions where the firms and individuals are not registered to trade or advise. Checking registration is a simple first step investors can take to protect themselves before sending money for an investment deal. New Brunswickers are encouraged to check registration by visiting: <a link="" target="_blank" href="http://www.fcnb.ca/licence-and-registration-rules.html" class="plain">fcnb.ca/spendsmart</a><u>.</u></p><p class="plain"><u><br></u></p><p class="plain">Anyone who has been approached or targeted to invest through either of these companies is asked to contact FCNB toll-free at 1-866-933-2222, or through its website at <a link="" target="_blank" href="http://fcnb.ca/fcnb-contact.html" class="plain">fcnb.ca/contact</a>.</p><p class="plain"><br></p><p class="plain">Being an <a link="" target="_blank" href="http://fcnb.ca/savingandinvesting.html" class="plain">informed investor</a> is the best way to protect your money. Informed investors understand the risks and costs involved with each of their investments and only commit money if the products are a good fit for them.</p><p class="plain"><br></p><p class="plain">Learn more about the red flags of fraud and how and where to report fraud, and sign-up to receive alerts about frauds and scams happening in New Brunswick by visiting: <a link="" target="_blank" href="http://www.fcnb.ca/fraud-alerts.html" class="plain"> fcnb.ca/fraud-alerts.html</a><u></u></p><br>11-07-2019</div><div class="plain"><br><font style="" class="plainlarge"><b>Media Contact:</b></font></div><div class="plain"><font style="" class="plainlarge"><b><br></b></font><font style="" class="plainlarge">Sara Wilson, Senior Communications Officer, 506 643-7045 or 1 866 933-2222. <a link="" rel="" target="_blank" href="mailto:sara.wilson@fcnb.ca" class="plainlarge">sara.wilson@fcnb.ca</a></font></div><div class="plain"><font style="" class="plainlarge"><br></font><font style="" class="plainsmall">FCNB has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of provincial legislation regulating mortgage brokers, payday lenders, real estate, securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown corporation funded by the regulatory fees and assessments paid by the regulated sectors. Online educational tools and resources are available at <a link="" rel="" target="_blank" href="http://fcnb.ca/FinancialConsumer.html" class="plainsmall">www.fcnb.ca</a>.</font></div><div class="plain"><font style="" class="plainsmall"><br></font></div><div class="plain"><font style="" class="plainsmall"><span displayText="Facebook" class="st_facebook_large"></span> <span displayText="Tweet" class="st_twitter_large"></span> <span displayText="LinkedIn" class="st_linkedin_large"></span> <span displayText="Email" class="st_email_large"></span> <script type="text/javascript">var switchTo5x=true;</script> <script src="http://w.sharethis.com/button/buttons.js" type="text/javascript"></script> <script type="text/javascript">stLight.options({publisher: "e727b6e4-f329-44bf-81ed-7fbcea81edbd"}); </script><br></font></div><div class="plain"><font style="" class="plainsmall"><br></font></div> FCNB 2019-07-11T12:17:04-07:00 New Brunswickers warned about unregistered firms soliciting investors Investor Alert: HQBroker.com http://fcnb.ca/pc_url_38549876 <p align="left" class="plain"><b><font style="" class="heading1"><img width="250" align="left" src='//0104.nccdn.net/1_5/2e9/25a/316/HQBroker.com-Investment-Alert-EN.jpg' style="margin: 15px 15px 15px 0px;float: left" height="288" size="250" border="0" daid="17817221">Investor Alert: HQBroker.com</font></b></p><p align="center" class="plain"><b><br></b></p><p class="plain"><font style="" class="plainlarge">The New Brunswick Financial and Consumer Services Commission (FCNB) is warning New Brunswick about investing through HQBroker.com.</font></p><p class="plain"><font style="" class="plainlarge"><br></font></p><p class="plain"><font style="" class="plainlarge">HQBroker.com claims to be a secure trading platform for traders and investors in the global foreign exchange industry.</font></p><p class="plain"><font style="" class="plainlarge"><br></font></p><p class="plain"><font style="" class="plainlarge">FCNB recently became aware that this company is marketing and selling their products and services to New Brunswickers. HQBroker.com is not registered to trade in securities and derivatives in New Brunswick.</font></p><p class="plain"><font style="" class="plainlarge"><br></font></p><p class="plain"><font style="" class="plainlarge">Anybody who has been approached or targeted to invest through HQBroker.com is asked to contact FCNB toll-free at 1-866-933-2222, or through its website at fcnb.ca. Becoming an <a link="" target="_blank" href="http://fcnb.ca/savingandinvesting.html" class="plainlarge">informed investor</a> is the best way to protect your money. Informed investors don’t leave it to chance. They understand the risks and costs involved with each of their investments.</font></p><p class="plain"><font style="" class="plainlarge"> </font></p><p class="plain"><font style="" class="plainlarge">Learn more about <a link="" target="_blank" href="http://fcnb.ca/how-to-report-fraud.html" class="plainlarge">how to report fraud</a> and <a link="" target="_blank" href="http://fcnb.ca/where-to-report-fraud.html" class="plainlarge">where to report fraud</a>. <a link="" target="_blank" href="http://fcnb.ca/subscribe.html" class="plainlarge">Sign up</a> to receive alerts delivered to your inbox. </font></p><p class="plain"><font style="" class="plainlarge"><br></font></p><p class="plain"><font style="" class="plainlarge"><span displayText="Facebook" class="st_facebook_large"></span> <span displayText="Tweet" class="st_twitter_large"></span> <span displayText="LinkedIn" class="st_linkedin_large"></span> <span displayText="Email" class="st_email_large"></span> <script type="text/javascript">var switchTo5x=true;</script> <script src="http://w.sharethis.com/button/buttons.js" type="text/javascript"></script> <script type="text/javascript">stLight.options({publisher: "e727b6e4-f329-44bf-81ed-7fbcea81edbd"}); </script><br></font></p> FCNB 2018-06-20T11:00:20-07:00 Investor Alert: HQBroker.com Investor Alert: Aidan Trading http://fcnb.ca/pc_url_38399265 <div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><p class="plain"><font style="" class="plainlarge"><img width="250" align="left" src='//0104.nccdn.net/1_5/013/3e0/257/Aidan-Training-investment-EN.jpg' style="margin: 15px 15px 15px 0px;float: left" height="288" size="250" border="0" daid="17743324"></font></p><p align="left" class="plain"><font style="" class="heading1">Investor Alert: Aidan Trading</font></p><p class="plain"><font style="" class="plainlarge"><br></font></p><p class="plain"><font style="" class="plainlarge">The Financial and Consumer Services Commission is warning New Brunswickers about Aidan Trading, which claims to provide an online trading platform for forex, forex options, commodities and contracts for difference.<br> <br> The commission recently became aware that Aidan Trading made an unsolicited offer to a New Brunswick resident. Since it is not registered to trade in, or advise on, securities or derivatives in New Brunswick, it is illegal for the company to carry out these activities in the province.</font></p> <p class="plain"><font style="" class="plainlarge"> </font></p> <p class="plain"><font style="" class="plainlarge">The commission urges New Brunswick residents to exercise caution when dealing with firms that are not registered to trade or advise in New Brunswick.</font></p> <p class="plain"><font style="" class="plainlarge"><br> Anybody who has been approached or targeted to invest in Aidan Trading is asked to contact the commission toll-free at 1-866-933-2222, or through its website at <a rel="" link="" target="_blank" href="http://fcnb.ca/financialconsumer.html" class="plainlarge">fcnb.ca</a>. </font></p> <p class="plain"><font style="" class="plainlarge"> </font></p> <p class="plain"><font style="" class="plainlarge">Becoming an informed investor is the best way to protect your money. Informed investors don’t leave it to chance. They understand the risks and costs involved with each of their investments.</font></p> <p class="plain"><font style="" class="plainlarge"> </font></p> <p class="plain"><font style="" class="plainlarge">Learn more about <a link="" target="_blank" href="http://fcnb.ca/fraud-alerts.html?fb_37818809_anch=38398624" class="plainlarge">forex scams,</a> <a link="" target="_blank" href="http://fcnb.ca/how-to-report-fraud.html" class="plainlarge">how to report fraud</a> and <a link="" target="_blank" href="http://fcnb.ca/where-to-report-fraud.html" class="plainlarge">where to report fraud</a>. Sign up to <a link="" target="_blank" href="http://fcnb.ca/subscribe.html" class="plainlarge">receive alerts</a> delivered to your inbox.</font></p> <p class="plain"><font style="" class="plainlarge"> </font></p> <p class="plain"><font style="" class="plainlarge">06-03-2018</font></p><p class="plain"><font style="" class="plainlarge"><br></font></p> <p class="plain"><font style="" class="plainlarge"><b>Media Contact:</b></font></p><p class="plain"><font style="" class="plainlarge">Erin King</font></p><font style="" class="plainlarge">Senior Communications Officer</font><font style="" class="plainlarge">506 643-7045 or 1 866 933-2222</font><p class="plain"></p><font style="" class="plainlarge"><a link="" rel="" target="_blank" href="mailto:erin.king@fcnb.ca" class="plainlarge">erin.king@fcnb.ca</a></font><br> <p class="plain"><font style="" class="plainsmall"><br></font></p><p class="plain"><font style="" class="plainlarge"><font style="" class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors.  </font><font style="" class="plainsmall">For access to our online educational tools and resources, please visit <a link="" target="_blank" href="http://www.fcnb.ca/" class="plainsmall">www.fcnb.ca</a></font> </font></p><font style="" class="plainlarge"><span displayText="Facebook" class="st_facebook_large"></span> <span displayText="Tweet" class="st_twitter_large"></span> <span displayText="LinkedIn" class="st_linkedin_large"></span> <span displayText="Email" class="st_email_large"></span> <script type="text/javascript">var switchTo5x=true;</script> <script src="http://w.sharethis.com/button/buttons.js" type="text/javascript"></script> <script type="text/javascript">stLight.options({publisher: "e727b6e4-f329-44bf-81ed-7fbcea81edbd"}); </script></font><br></div> FCNB 2018-03-06T06:00:10-08:00 Investor Alert: Aidan Trading Investor Alert: BitConnect http://fcnb.ca/pc_url_38310948 <p class="plain"></p><div class="plain"><font style="" class="heading1"><img width="250" align="left" src='//0104.nccdn.net/1_5/130/03f/114/Bitconnect-EN.jpg' style="margin: 15px 15px 15px 0px;float: left" height="288" size="250" border="0" daid="17707056">Investor Alert: BitConnect</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">The New Brunswick Financial and Consumer Services Commission is warning New Brunswickers about investments being offered by BitConnect.</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">BitConnect claims to be a Bitcoin and crypto-community platform offering multiple investment opportunities.  The Texas State Securities Board recently determined that BitConnect is acting fraudulently and banned it from selling investments in its state. </font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">The commission recently became aware that BitConnect may also be marketing its investments to Canadians.</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">BitConnect is not registered to trade in, or advise on, securities or exchange contracts in New Brunswick. It is, therefore, illegal for BitConnect to trade in, or advise on, securities or exchange contracts in our province.</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">Bitcoin and cryptocurrency trading are receiving a lot of attention lately and are being aggressively advertised in social media and other channels.  Consumers should be very cautious about investing in these products. Cryptocurrencies are volatile and highly risky.</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">Consumers are urged not to give into the “Fear of Missing Out” and should do their research and understand what they are getting into before investing. Anyone investing in cryptocurrencies should be aware that they could lose all of their investment.</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">Anybody who has been approached or targeted to invest in BitConnect is asked to contact the commission toll-free at 1-866-933-2222, or through its website at fcnb.ca. Becoming an <a rel="" link="" target="_blank" href="http://fcnb.ca/savingandinvesting.html" class="plainlarge">informed investor</a> is the best way to protect your money. Informed investors don’t leave it to chance. They understand the risks and costs involved with each of their investments.</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">Learn more about <a rel="" link="" target="_blank" href="http://fcnb.ca/how-to-report-fraud.html" class="plainlarge">how to report fraud</a> and <a rel="" link="" target="_blank" href="http://fcnb.ca/where-to-report-fraud.html" class="plainlarge">where to report fraud</a>. <a rel="" link="" target="_blank" href="http://fcnb.ca/subscribe.html" class="plainlarge">Sign up</a><font style="" class="plain">  </font>to receive alerts delivered to your inbox.</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">Resource:</font></div><div class="plain"><font style="" class="plainlarge">Infographic – <a rel="" link="" target="" href="javascript:void(null)" class="plainlarge">Be Cautious of Cryptocurrency</a></font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge">18-01-2018</font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainlarge"><b>Media Contact: </b></font></div><div class="plain"><font style="" class="plainlarge">Erin King </font></div><div class="plain"><font style="" class="plainlarge">Senior Communications Officer</font></div><div class="plain"><font style="" class="plainlarge">506 643-7045 or 1 866 933-2222</font></div><div class="plain"><font style="" class="plainlarge"><a rel="" link="" target="_blank" href="mailto:erin.king@fcnb.ca" class="plainlarge">erin.king@fcnb.ca</a></font></div><div class="plain"><font style="" class="plainlarge"><br></font></div><div class="plain"><font style="" class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors.  For access to our online educational tools and resources, please visit <a rel="" link="" target="_blank" href="http://fcnb.ca/FinancialConsumer.html" class="plainsmall">www.fcnb.ca</a> </font></div><div class="plain"><br></div><div class="plain"><span displayText="Facebook" class="st_facebook_large"></span> <span displayText="Tweet" class="st_twitter_large"></span> <span displayText="LinkedIn" class="st_linkedin_large"></span> <span displayText="Email" class="st_email_large"></span> <script type="text/javascript">var switchTo5x=true;</script> <script src="http://w.sharethis.com/button/buttons.js" type="text/javascript"></script> <script type="text/javascript">stLight.options({publisher: "e727b6e4-f329-44bf-81ed-7fbcea81edbd"}); </script><br></div><p class="plain"></p> FCNB 2018-01-18T06:00:14-08:00 Investor Alert: BitConnect Revised: Impersonation of Legitimate Company: PetroChina International Co., Ltd. http://fcnb.ca/pc_url_37248189 <div class="plain"><br></div><div class="plain"><p class="plain">The Financial and Consumer Services Commission is warning consumers to be aware of an apparent “spoofing” attempt by a scam artist claiming to be PetroChina International Co., Ltd. Spoofing, in the online world, is when someone sets up a fraudulent website (which may look substantially similar to a real company’s website) to obtain information in an effort to defraud.    </p> <p class="plain"> </p> <p class="plain">Please note that: PetroChina International Co., Ltd. is the legitimate grandparent company of PetroChina International (Canada) Trading Ltd., which conducts business in Canada. In addition, PetroChina International Co., Ltd is a subsidiary of PetroChina Company Limited (the same name being used by the “spoofers”), whose stock is traded on the Shanghai, Hong Kong and New York Stock Exchanges respectively.</p> <p class="plain"> </p> <p class="plain">The scammers appear to be using a ‘spoofed’ website to contact New Brunswickers and solicit an investment relating to crude oil exports. They are also reportedly contacting individuals via telephone asking them to invest.  </p> <p class="plain"> </p> <p class="plain">The fraudulent website in this situation is substantially similar to the real website of PetroChina International Co., Ltd. however, it is named PetroChina Company Limited. Due to the extreme similarities in name and website content, investors are urged to ensure they are dealing with the legitimate company before conducting any business. </p> <p class="plain"> </p> <p class="plain">The legitimate company does not conduct operations in Canada except through its subsidiaries and does not solicit investments relating to crude oil exports. The spoofers have no connection to the companies PetroChina Company Limited, PetroChina International Co., Ltd or PetroChina International (Canada) Trading Ltd.</p> <p class="plain"> </p> <p class="plain">Anyone who has been approached to invest in PetroChina Company Limited is asked to contact the FCNB toll-free at 1-866-933-2222, or through the <a rel="" link="" target="_blank" href="http://fcnb.ca/FinancialConsumer.html" class="plain">FCNB website</a>. </p> <p class="plain"> </p> <p class="plain">Investors are also encouraged to contact the FCNB if they have any concerns about unsolicited investment opportunities or about the legitimacy of an investment opportunity. Being an informed investor is the best defense against investment fraud. New Brunswickers are encouraged to become informed investors by using <a link="" href="javascript:void(null)" class="plain">FCNB’s free online resources</a>. </p><p class="plain"><br></p> <p class="plain">13-01-17</p> <p class="plain"> </p> <p class="plain"><b>Media Contact:</b></p> <p class="plain">Sara Wilson, Communications, 506 643-7045 or 1 866 933-2222. <a link="" target="_blank" href="mailto:sara.wilson@fcnb.ca" class="plain">sara.wilson@fcnb.ca</a>   </p><p class="plain"><br></p> <p class="plain"><font class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors. <b> </b>For access to our online educational tools and resources, please visit</font><b><font class="plainsmall"> <a rel="" link="" target="_blank" href="http://fcnb.ca/FinancialConsumer.html" class="plainsmall">www.fcnb.ca</a></font> </b></p><br></div> FCNB 2017-02-22T08:00:18-08:00 Revised: Impersonation of Legitimate Company: PetroChina International Co., Ltd. Investor Alert: Market ban sought against NB man for fraud in Saskatchewan http://fcnb.ca/pc_url_35945274 <p class="plain"><br></p><p class="plain">The Financial and Consumer Services Commission (FCNB) is seeking a market ban order against Fred Louis Sebastian based on a recent decision of the Financial and Consumer Affairs Authority of Saskatchewan to impose sanctions and restrictions on him. Sebastian now lives in Ludlow, New Brunswick.</p><p class="plain"><br></p> <p class="plain">The Saskatchewan hearing panel found that Sebastian defrauded an elderly investor in that province by making exaggerated claims regarding the potential for profit in a particular investment. He obtained a significant sum of money from the investor, but the panel found that he had no intention of actually investing the funds on her behalf. Also, he was not registered to solicit or sell investments in the province. Selling investments and making promises regarding returns on investments is a breach of the <i>Securities Act</i>, both in Saskatchewan and New Brunswick. In addition, Sebastian had been banned in Saskatchewan in 1981 from trading in the securities of a particular issuer.</p><p class="plain"><br></p> <p class="plain">“The Financial and Consumer Affairs Authority of Saskatchewan investigated Mr. Sebastian’s recent conduct and wanted to interview him about his dealings with an elderly woman but they discovered he was living here in New Brunswick,” explained Jake van der Laan, Director of Enforcement with the FCNB. “The finding of fraud in Saskatchewan and the longstanding regulatory intervention against Mr. Sebastian has led the FCNB here to seek market bans in New Brunswick to prevent him from causing harm to investors in our province.” </p><p class="plain"><br></p> <p class="plain">One of the first steps a consumer should take when approached with any investment opportunity is to ensure that the person they are dealing with is registered to sell investments in the province.</p> <p class="plain"> </p> <p class="plain">“FCNB has online resources to help investors check an adviser’s registration status and tips on how to choose an investment adviser, but confirming registration is only the first step,” said van der Laan. “Successful investing requires the skill and experience to understand the risks and potential rewards involved in a given investment. This is particularly true of investments promoted outside registered investment dealers.” </p><p class="plain"><br></p> <p class="plain">Investors are urged to contact the FCNB at 1-866-933-2222 (toll-free) or through <span class="heading2"><a link="" target="_blank" href="http://www.fcnb.ca/" class="plain"><span class="plain">the FCNB website</span></a></span> if they have any concerns about unsolicited investment opportunities or about the legitimacy of an investment opportunity.</p> <p class="plain"> </p> <p class="plain">10-12-15</p><p class="plain"><br></p> <p class="plain"><b>Media Contact: </b></p> <p class="plain">Communications, Financial and Consumer Services Commission </p><p class="plain">506-643-7045 or 1-866-933-2222, <span class="heading2"><a link="" target="_blank" href="mailto:media@fcnb.ca" class="plain"><span class="plain">media@fcnb.ca</span></a></span>.</p><p class="plain"><br></p><p class="plain"><font class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors.</font><br></p> <p class="plain">    </p> FCNB 2015-12-10T07:42:13-08:00 Investor Alert: Market ban sought against NB man for fraud in Saskatchewan Investor Alert - Cease Trade Order Granted Against James Stuart Adams and A25 Gold Producers http://fcnb.ca/pc_url_35939247 <p class="plain"></p><div class="plain">A panel of the Financial and Consumer Services Tribunal has issued a cease trade order against A25 Gold Producers Corp. and James Stuart Adams for violations of the Securities Act.</div><div class="plain"><br>The order was issued following a recent hearing before the tribunal. It reciprocates an order previously granted by the Ontario Securities Commission, in which A25 Gold Producers Corp. and Adams admitted to selling securities from Ontario through unregistered trading and illegal distributions to an investor in Canada and investors in Europe. There has been no allegation that any New Brunswick resident invested money with the corporation or Adams.</div><div class="plain"><br>The order requires that the trading in any securities or derivatives of A25 Gold Producers Corp. cease permanently.  It also permanently prohibits the corporation from trading in securities or derivatives, acquiring securities, or becoming or acting as a registrant, mutual fund manager or promoter.  The order also requires Adams to resign all positions that he holds as a director or officer of any issuer, and prohibits Adams from trading or acquiring securities for five years.  Adams is also ordered not to act as a registrant, mutual fund manager, or a promoter, until March 5, 2020. </div><div class="plain"><br></div><div class="plain">A25 Gold Producers Corp. was incorporated in British Columbia and operated out of Toronto. Adams was president of the corporation and is also the director of Touchstone International Business Services (New Brunswick) Ltd., a company registered in New Brunswick. </div><div class="plain"><br></div><div class="plain">The order, and the reasons for the decision, <a link="" rel="" target="_blank" href="http://0101.nccdn.net/1_5/0e2/2a0/0ac/SE-003-2015-Reasons-for-Decision-and-Order.pdf" class="plain">is available online</a>.  </div><div class="plain"><br></div><div class="plain">The Financial and Consumer Services Commission (FCNB) has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. Being an informed investor is the best defence against investment fraud. New Brunswickers are encouraged to become informed investors by using FCNB’s <a link="" rel="" target="_blank" href="http://www.fcnb.ca/savingandinvesting.html" class="plain">free online resources</a>.  </div><div class="plain"><br>Hearing from New Brunswickers about suspicious financial and investment activity early is integral to combatting fraud. Please contact FCNB at 1 866 933-2222 for more information, to make a complaint or to express other related concerns. </div><div class="plain"><b><br></b></div><div class="plain"><b>Media Contact: </b>Communications, 506 643-7045 or 1 866 933-2222. <a rel="" link="" target="_blank" href="mailto:sara.wilson@fcnb.ca" class="plain">media@fcnb.ca</a>  </div><div class="plain"><br><font class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors. <b> </b>For access to our online educational tools and resources, please visit</font><b><font class="plainsmall"> <a link="" target="_blank" href="http://www.fcnb.ca/" class="plainsmall">www.fcnb.ca</a></font></b><br><br><br></div><p class="plain"></p> FCNB 2015-12-08T12:20:49-08:00 Investor Alert - Cease Trade Order Granted Against James Stuart Adams and A25 Gold Producers Investor Alert – OneTwoTrade.com and EveryOption.com http://fcnb.ca/pc_url_35784733 <p class="plain">The Financial and Consumer Services Commission (FCNB) is warning New Brunswickers to be aware of investment solicitations by OneTwoTrade.com and EveryOption.com.</p><p class="plain"> </p><p class="plain">“We were recently advised by a resident that they had invested with OneTwoTrade.com and EveryOption.com,”said Jake van der Laan, Director of Enforcement with FCNB. “Unfortunately, by the time the information reached us, the investor had already lost a significant amount of money,” said Jake van der Laan. “Investors need to be aware of the risks associated with dealing with off-shore and non-registered dealers. Once the money is sent outside of Canada it is virtually impossible to recover.”</p><p class="plain"> </p><p class="plain">These companies are not registered to sell or to receive investments from New Brunswickers, appear to be based off-shore, and purportedly use multiple names. The website appears to be inaccurate with respect to the companies’ registered status and the types of returns investors can expect.   Warnings have been issued internationally from places such as British Columbia, Ontario, the United Kingdom and Greece.</p><p class="plain"> </p><p class="plain">The companies market themselves as offering binary options. Binary options are similar to bets on whether the value of an asset will increase or decrease in a fixed – and often very short – period of time. Buying them may put any money invested at significant risk.</p><p class="plain"> </p><p class="plain">People can <a link="" rel="" target="_blank" href="http://www.fcnb.ca/list-of-registrants.html" class="plain">verify online if a company or individual is registered</a> to sell investments in the province.</p><p class="plain"> </p><p class="plain">“New Brunswickers who have been approached by either of these companies or other unregistered companies soliciting investments are encouraged to contact us immediately,” said van der Laan.</p><p class="plain"> </p><p class="plain">Investors are urged to contact FCNB at 1 866 933-2222 (toll-free) or via <a link="" target="_blank" href="http://www.fcnb.ca/" class="plain">their website</a> if they have any concerns about the legitimacy of the investment opportunity. The key is for investors to be informed so they can protect their hard earned money by spending smart and spending safe.</p><p class="plain"> </p><p class="plain">October is Investor Education Month and FCNB has free, online resources, programs and tools to help investors be more financially informed and avoid the pitfalls and scams that may threaten their financial success.</p><p class="plain"><br></p><p class="plain">08-10-2015</p><p class="plain"><b><br></b></p><p class="plain"><b>Media Contact:</b></p><p class="plain">Sara Wilson, communications, 506 643-7045 or 1 866 933-2222. <a link="" target="_blank" href="mailto:sara.wilson@fcnb.ca" class="plain">sara.wilson@fcnb.ca</a>  </p><p class="plain"><br></p><p class="plain"><font class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors. <b> </b>For access to our online educational tools and resources, please visit</font><b><font class="plainsmall"> <a link="" target="_blank" href="http://www.fcnb.ca/" class="plainsmall">www.fcnb.ca</a></font></b></p> FCNB 2015-10-14T09:57:23-07:00 Investor Alert – OneTwoTrade.com and EveryOption.com Investor Alert - Ecovexco http://fcnb.ca/pc_url_35334362 <p class="plain">The Financial and Consumer Services Commission (FCNB) is warning the public to be aware of investment solicitations by Ecovexco Investment Group, a company that has been advertising a ‘no risk’ investment opportunity in newspapers across Canada.</p><p class="plain"> </p><p class="plain">The advertisements apparently promise unrealistically high returns on investments in complex and high-risk markets. The company is purportedly operating out of North Carolina and/or the United Kingdom and is not registered to sell investments in New Brunswick.</p><p class="plain"> </p><p class="plain">“Before making any investment, you should research it thoroughly, including checking the registration of any person or company offering the product,” said Jake van der Laan, Director of Enforcement with FCNB. “Markets can be volatile and high returns with no risk are unrealistic. Also, once money is sent overseas, it is virtually impossible to recover.”</p><p class="plain"> </p><p class="plain">Investors are urged to contact FCNB if they have any concerns at all about the legitimacy of the investment opportunity. The key is for investors to be informed so they can spend smart and spend safe. FCNB has free, online resources, programs and tools to help investors be more financially informed and avoid the pitfalls and scams that may threaten their financial success.</p><p class="plain"> </p><p class="plain">To date FCNB is not aware of advertisements placed by Ecovexco in New Brunswick. This investor alert is released based on alerts posted by the <a link="" target="_blank" href="http://www.osc.gov.on.ca/en/Investors_warning-list_index.htm" class="plain">Ontario</a> and <a link="" target="_blank" href="http://www.msc.gov.mb.ca/media_events/investor_alerts/ecovexco.html" class="plain">Manitoba</a> securities commissions.</p><p class="plain"> </p><p class="plain">The public is encouraged to contact FCNB at 1 866 933-2222 (toll-free) or via their <a link="" target="_blank" href="http://www.fcnb.ca/" class="plain">website</a> if they’ve been contacted by Ecovexco or have seen its advertisements or to get further information, to make a complaint or to express investment or consumer related concerns.</p><p class="plain"><br></p><p class="plain"></p><p class="plain"><b>Media Contact:</b></p><p class="plain">Sara Wilson, communications, 506 643-7045 or 1 866 933-2222. <a link="" target="_blank" href="mailto:sara.wilson@fcnb.ca" class="plain">sara.wilson@fcnb.ca</a> </p><p class="plain"> </p><p class="plain"><font class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors.</font><b> </b></p> FCNB 2015-04-24T06:27:07-07:00 Investor Alert - Ecovexco Investor Alert – Asia Pacific Gold Mining Investment Ltd. http://fcnb.ca/pc_url_35334368 <div class="plain"></div><div class="plain"><table width="100%" cellspacing="0" style="" cellpadding="0" class="plain" border="0"><tbody><tr><td class="plain"><table width="100%" cellspacing="0" cellpadding="0" class="plain" border="0"><tbody><tr><td valign="top" class="plain"><br><br></td></tr><tr><td valign="top" class="plain"><p class="plain">The Financial and Consumer Services Commission (FCNB) is warning investors to exercise caution before purchasing shares of Asia Pacific Gold Mining Investment Ltd. (“APGMI”).  GXG Markets, a European securities market, has suspended trading in shares of APGMI pending certain questions regarding the status of the company and its share structure. </p><p class="plain"> </p><p class="plain">While APGMI is incorporated in New Brunswick, it appears that the bulk of the present trading in its shares is currently being effected in the secondary market by a controlling shareholder not resident in New Brunswick.  Further, the trades in question do not appear to involve New Brunswick investors.  FCNB cautions all investors to confirm that a proposed purchase of APGMI shares, or any other security, is compliant with the securities laws in the investor’s home jurisdiction before proceeding with the trade. </p><p class="plain"><br></p><p class="plain">For access to our online educational tools and resources, please visit<b> <a link="" target="_blank" href="http://www.fcnb.ca/" class="plain">www.fcnb.ca</a></b><br></p><p class="plain"> </p><p class="plain"><font class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors. <b> </b></font></p></td></tr><tr><td valign="top" class="plain"><table width="100%" cellspacing="0" cellpadding="0" class="plain" border="0"><tbody><tr></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div> FCNB 2015-02-24T11:13:21-08:00 Investor Alert – Asia Pacific Gold Mining Investment Ltd. Investor Alert - New Brunswickers Advised to Use Caution if Approached to Invest With NRG Binary http://fcnb.ca/pc_url_35334379 <div class="plain"></div><div class="plain"><table width="100%" cellspacing="0" style="" cellpadding="0" class="plain" border="0"><tbody><tr><td class="plain"><table width="100%" cellspacing="0" cellpadding="0" class="plain" border="0"><tbody><tr><td valign="top" class="plain"><br><img width="1" daid="16135979" src='//0104.nccdn.net/1_5/360/348/0c5/space.gif' height="3"></td></tr><tr><td valign="top" class="plain">New Brunswickers are advised to be cautious if approached by NRG Binary, a business seeking investments in binary options. Staff of the Financial and Consumer Services Commission (FCNB) have filed a <a link="" rel="" target="_blank" href="http://fcnb.ca/fcnb-proceedings.html" class="plain">statement of allegations</a>commencing enforcement proceedings against MHGG Tech Solutions Ltd. and NRG Capital Ltd., two companies associated with NRG Binary, alleging violations of the <i>Securities Act</i>.  <br><p class="plain">“One of our staff members was solicited to invest by NRG Binary after providing contact information online as part of a previous investigation,” said Jake van der Laan, Director of the Enforcement division. “Investors should be aware that once you’ve spent money in response to an online or telephone solicitation, it usually ends up outside Canada and is virtually impossible to recover.”</p><p class="plain"><br></p><p class="plain"></p><p class="plain">MHGG Tech Solutions Ltd. is based in London, England while NRG Capital (Cyprus) Ltd. is based in Cyprus. These entities are not registered to sell investments in New Brunswick. As well, representatives of MHGG Tech made representations as to the future value of the investments; a breach of the <i>Securities Act</i>.</p><br><p class="plain"></p><p class="plain">“If approached by an unknown or unsolicited business to invest your money, you must proceed with caution. Be critical, look for red flags and check registration before making any decisions” said van der Laan. “Scam artists are always looking for an easy way to make money, and with enhanced technology, scams are becoming more sophisticated. Working with an investment adviser you know and trust is important when making investment decisions, as they will work with you to help you achieve your financial goals.”</p><p class="plain"><br></p><p class="plain">The key to protecting your family’s financial future is to be informed so you can spend smart and spend safe. FCNB has free, online resources, programs and tools to help you make decisions to get further ahead financially and avoid the pitfalls and scams that may threaten your financial success.</p><p class="plain"> </p><p class="plain">The public may contact the commission at 1 866 933-2222 (toll-free) or via their website <a link="" target="_blank" href="http://www.fcnb.ca/" class="plain">www.fcnb.ca</a> to get further information, to make a complaint or to express investment or consumer related concerns.</p><p class="plain"> </p><p class="plain"></p><p class="plain"><b>Media Contact:</b></p>Sara Wilson, Communications, 506 643-7045 or 1 866 933-2222. <a link="" target="_blank" href="mailto:sara.wilson@fcnb.ca" class="plain">sara.wilson@fcnb.ca</a><p class="plain"></p><p class="plain"><font class="plainsmall"><br></font></p><p class="plain"><font class="plainsmall">The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown Corporation funded by the regulatory fees and assessments paid by the regulated sectors. </font><b><font class="plainsmall"> </font></b></p></td></tr></tbody></table></td></tr></tbody></table></div> FCNB 2015-02-23T12:08:26-08:00 Investor Alert - New Brunswickers Advised to Use Caution if Approached to Invest With NRG Binary Investor Alert – Karatbars Investment Program http://fcnb.ca/pc_url_35334383 <p class="plain">New Brunswickers are being warned by the Financial and Consumer Services Commission to be cautious when dealing with an investment program linked to Karatbars International GmbH, a company based in Germany.</p><p class="plain"> </p><p class="plain">This program has previously been the subject of a similar warning from the Quebec securities regulator:</p><p class="plain"><a link="" target="_blank" href="http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-karatbars.html" class="plain">http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-karatbars.html</a></p><p class="plain">as well as the British Columbia Securities Commission:</p><p class="plain"><a link="" target="_blank" href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Karatbars_International_GmbH/" class="plain">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Karatbars_International_GmbH/</a></p><p class="plain"> </p><p class="plain">Karatbars International is not registered to sell investments in New Brunswick.</p><p class="plain"> </p><p class="plain">For more information on being an informed investor and other financial and consumer resources, visit <a link="" target="_blank" href="http://www.fcnb.ca/" class="plain">www.fcnb.ca</a>.</p><p class="plain"> </p><p class="plain">This alert was based on an <a link="" target="_blank" href="http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-karatbars.html" class="plain">investor alert by the Autorité des Marchés Financiers</a>.</p><p class="plain"> </p><p class="plain"><b>Media Contact:</b></p><p class="plain">Sara Wilson, Communications and Media Relations Specialist, 506 643-7045 or 1 866 933-2222. <a link="" target="_blank" href="mailto:sara.wilson@fcnb.ca" class="plain">sara.wilson@fcnb.ca</a>  </p><p class="plain"><br></p><p class="plain"></p><p class="plain"><font class="plainsmall">The Financial and Consumer Services Commission regulates, educates and protects consumers and investors from unfair, improper or fraudulent practices. It brings together regulatory authorities for securities, insurance, pensions, consumer affairs, co-operatives, credit unions, caisses populaires, and loan and trust companies. It is an independent Crown Corporation self-funded by the fees and assessments paid by the regulated sectors.</font></p> FCNB 2015-02-10T07:24:23-08:00 Investor Alert – Karatbars Investment Program Investor Alert - Warning about investment solicitations by telephone http://fcnb.ca/pc_url_35334387 <div class="plain"></div><div class="plain"><table width="100%" cellspacing="0" style="" cellpadding="0" class="plain" border="0"><tbody><tr><td class="plain"><table width="100%" cellspacing="0" cellpadding="0" class="plain" border="0"><tbody><tr><td valign="top" class="plain"><br><img width="1" daid="16135995" src='//0104.nccdn.net/1_5/0f7/148/2e0/space.gif' height="3"></td></tr><tr><td valign="top" class="plain"><p class="plain"><font class="plainlarge">New Brunswick residents are receiving an increased volume of investment solicitations from companies that are not registered to sell investments in the province, warns the Financial and Consumer Services Commission (FCNB).</font></p><p class="plain"><font class="plainlarge"><br>The enforcement division of FCNB is concerned about reports that two companies, MagellantradingFX and Magellan Trading Group, have been cold calling New Brunswickers and soliciting their investments.  These companies are not registered to sell investments in the province. They appear to be located offshore and claim to specialize in foreign exchange, options and futures trading, all investments that traditionally are high risk and not for the average investor.</font></p><p class="plain"><font class="plainlarge"><br>“Before making any investment, it’s important to check to make sure that both the company and the salesperson are registered to sell securities in the province,” said Jake van der Laan, director of enforcement with FCNB. “No matter where they are located, persons or companies selling investments to New Brunswick residents are required to be registered with us, unless they qualify for specific exemptions.”</font></p><p class="plain"><font class="plainlarge"><br>“Once you’ve sent money overseas, it becomes very difficult to get your money back,” said van der Laan. “Taking precautions, such as checking registration before investing, could help save your financial future.”</font></p><p class="plain"><font class="plainlarge"><br>There are many illegitimate entities out there looking to convince people to invest with them.  They often try to lure investors by:</font></p><p class="plain"><font class="plainlarge"> </font></p><ul><li class="plain"><font class="plainlarge">using company names which sound official and that sound similar to legitimate companies;</font></li><li class="plain"><font class="plainlarge">using professional looking websites, which appear on their face, to be very legitimate; and,</font></li><li class="plain"><font class="plainlarge"> using the method of cold calling which is the sales technique of approaching potential investors  who have no expectation of the contact,  typically by phone, but which can also be done by email or through social networking sites. </font></li></ul><ul><li class="plain"> </li></ul><p class="plain"><font class="plainlarge">It is important to use caution when approached to purchase investments from an unknown or an unfamiliar person or company.  There are restrictions on the types of telephone solicitations allowed in New Brunswick.</font></p><p class="plain"><font class="plainlarge"><br>New Brunswickers who have been approached by these companies or other unregistered companies soliciting investments are encouraged to contact FCNB immediately through FCNB.ca.</font></p><p class="plain"><font class="plainlarge"><br>Residents can use the Registration Search Tool on the FCNB.ca website to check if a person or company is registered. The site also has resources and information to help New Brunswickers make informed financial and consumer choices.</font></p><p class="plain"><font class="plainlarge">________________________________________<br></font></p><p class="plain"><font class="plainlarge">The Financial and Consumer Services Commission provides protection to consumers and investors from unfair, improper or fraudulent practices. It brings together regulatory authorities for securities, insurance, pensions, consumer affairs, co-operatives, credit unions, caisses populaires, and loan and trust companies. It is an independent Crown Corporation self-funded by the fees and assessments paid by the regulated sectors.</font></p><p class="plain"> </p><p class="plain"><font class="plainlarge"><b>MEDIA CONTACT:</b><br>Sara Wilson, communications, 506 643 7045, </font><a link="" target="_blank" href="mailto:sara.wilson@fcnb.ca" class="plainlarge">sara.wilson@fcnb.ca</a></p></td></tr></tbody></table></td></tr></tbody></table></div> FCNB 2014-09-24T06:36:08-07:00 Investor Alert - Warning about investment solicitations by telephone Investor Alert - Do not make investments with unregistered firms such as Options Area http://fcnb.ca/pc_url_35334385 <p class="plain"></p><div class="plain"><font class="plainlarge">New Brunswickers are warned to exercise caution before making any investment with a person or company who is not registered with the Financial and Consumer Services Commission (FCNB) to sell or trade investments in the province.</font></div><div class="plain"><font class="plainlarge"><br></font></div><div class="plain"><font class="plainlarge">“Most investors in New Brunswick decide to purchase investments through a registered financial institution that is familiar to them, or from someone they know personally who is employed at a registered firm,” said Director of Enforcement for the FCNB Jake van der Laan,. “It is generally a very bad idea to invest with a company that contacts you out of the blue to invest in something you don’t fully understand.”</font></div><div class="plain"><font class="plainlarge"><br></font></div><div class="plain"><font class="plainlarge">The enforcement division of FCNB is currently concerned about an unregistered company that uses the business name Options Area. A New Brunswick resident recently forwarded $10,000 to this company. Even though the salesperson stated they were calling from Toronto, the company is not registered in New Brunswick, which  makes it extremely difficult to tell where they are actually located.  </font></div><div class="plain"><font class="plainlarge"><br></font></div><div class="plain"><font class="plainlarge">New Brunswickers who have been approached by Options Area or other unregistered companies soliciting investments are encouraged to contact FCNB immediately. People can verify if a company or individual is registered on the FCNB’s website: <a link="" rel="" target="_blank" href="http://fcnb.ca/CheckRegistration" class="plainlarge">http://fcnb.ca/CheckRegistration</a>.  </font></div><div class="plain"><font class="plainlarge"><br></font></div><div class="plain"><font class="plainlarge">Options Area purports to sell binary options. The FCNB issued an i<a link="" rel="" target="_blank" href="http://fcnb.ca/newsroll.html?fb_31915481_anch=32575966" class="plainlarge">nvestor alert about Binary Options</a> in February. Binary options are similar to bets on whether the value of an asset will increase or decrease in a fixed - and often very short - period of time. Buying them may put any money invested at significant risk.</font></div><div class="plain"><font class="plainlarge"><br></font></div><div class="plain"><font class="plainlarge">Being an informed investor is your best defence against investment fraud. Learn how to protect yourself by taking advantage of the resources available on FCNB’s website, which provides details about <a link="" rel="" target="_blank" href="http://fcnb.ca/boiler-room-scams.html" class="plainlarge">boiler room operations</a> and other <a link="" rel="" target="_blank" href="http://fcnb.ca/common-investment-scams.html" class="plainlarge">common investment scams</a>.</font></div><div class="plain"><font class="plainlarge"><br></font></div><div class="plain"><font class="plainlarge">The Financial and Consumer Services Commission regulates, educates and protects consumers and investors from unfair, improper or fraudulent practices. It brings together regulatory authorities for securities, insurance, pensions, consumer affairs, co-operatives, credit unions, caisses populaires, and loan and trust companies. It is an independent Crown Corporation self-funded by the fees and assessments paid by the regulated sectors.</font></div><div class="plain"><font class="plainlarge"><br></font></div><div class="plain"><font class="plainlarge">26-06-14</font></div><p class="plain"></p> FCNB 2014-06-26T05:29:04-07:00 Investor Alert - Do not make investments with unregistered firms such as Options Area Investor Alert – Use caution when considering buying binary options http://fcnb.ca/pc_url_35334389 <p class="plain"><font class="plainlarge">An investor alert issued by the Financial and Consumer Services Commission is cautioning New Brunswickers about a new kind of investment in the binary options market.</font></p><p class="plain"><font class="plainlarge"> </font></p><p class="plain"><font class="plainlarge">Binary options are similar to bets on whether the value of an asset will increase or decrease in a fixed (and often very short) period of time.</font></p><p class="plain"><font class="plainlarge"> </font></p><p class="plain"><font class="plainlarge">“New Brunswick residents should be extremely cautious if considering the purchase of binary options,” said Jake van der Laan, director of enforcement with the FCNB. “These securities are primarily offered by offshore firms that may not be registered with or regulated by FCNB.”</font></p><p class="plain"><font class="plainlarge"> </font></p><p class="plain"><font class="plainlarge">Investors face two possible outcomes when the option matures:</font></p><p class="plain"></p><ul><li class="plain"><font class="plainlarge">they receive a pre-determined cash payout (often called the “premium”) if the value of the asset increased during the relevant period; or</font></li><li class="plain"><font class="plainlarge">they may only receive a small percentage of the principal back or lose their entire investment if the value decreased.</font></li></ul><p class="plain"></p><p class="plain"><font class="plainlarge"> </font></p><p class="plain"><font class="plainlarge">This is why binary options are sometimes referred to as “all-or-nothing” options.</font></p><p class="plain"><font class="plainlarge"> </font></p><p class="plain"> </p><p class="plain">Binary options fall within the definition of a “derivative” under the New Brunswick Securities Act and parties selling these to New Brunswick residents must be registered.  People should be very cautious with binary options trading.  Buying them may put any money invested at significant risk.</p><font class="plain"> </font><p class="plain"><font class="plainlarge"><span class="plain"> </span></font></p><font class="plainlarge"> </font><p class="plain"></p><p class="plain"><font class="plainlarge"><span class="plain"></span>“Before making any purchases of these options, or any other investment, consider what you can and cannot afford to lose,” said van der Laan. “Be realistic in your expectations and verify all information before you part with your hard-earned money.”</font></p><p class="plain"><font class="plainlarge"> </font></p><p class="plain"><font class="plainlarge">Binary options are typically offered through online advertisements, emails and social media and over the telephone. Persons or companies selling them to New Brunswickers are required to be registered with FCNB. Residents can use the <a rel="" link="" target="_blank" href="http://fcnb.ca/list-of-registrants.html" class="plainlarge"><b>Registration Search Tool</b></a> to check if that person or company is registered.</font></p><p class="plain"><font class="plainlarge"> </font></p><p class="plain"><font class="plainlarge">Facts to keep in mind:</font></p><p class="plain"></p><ul><li class="plain"><font class="plainlarge">Binary options are typically traded within extremely small time frames, which increase risk significantly. Even very knowledgeable investors may find it difficult to predict whether the stock price of a public company will go up or down in the next 10 minutes.</font></li><li class="plain"><font class="plainlarge">Binary options trade with such speed that wins and losses happen very quickly.</font></li><li class="plain"><font class="plainlarge">Promises on certain binary option websites that “even if you lose the trade, you don’t lose money” are false. The disclaimers written in small print on the same websites clearly state that you can lose all or a portion of your money.</font></li><li class="plain"><font class="plainlarge">Binary options are often traded in the currency markets, also known as foreign exchange or “forex”, which is high risk.</font></li><li class="plain"><font class="plainlarge">Many of the trading platforms operate from servers in the U.S. and overseas (Cyprus, for example), which means the money goes outside of Canada, often through a wire transfer. This makes it virtually impossible to get your money back.</font></li></ul><p class="plain"></p><p class="plain"><font class="plainlarge"><br></font></p><p class="plain"><font class="plainlarge">New Brunswickers who have been approached by any companies offering these types of investments are encouraged to contact FCNB immediately.</font></p><p class="plain"><font class="plainlarge"><br></font></p><p class="plain"><font class="plainlarge">This alert was based on an<a rel="" link="" target="_blank" href="http://www.albertasecurities.com/investor/investor-resources/Pages/you-ascd-blog.aspx#11" class="plainlarge"> investor caution issued by the Alberta Securities Commission</a>.</font></p><p class="plain"><font class="plainlarge"> </font></p><p class="plain"><font class="plainlarge">The Financial and Consumer Services Commission (FCNB) provides protection to consumers and investors from unfair, improper or fraudulent practices. The commission brings together regulatory authorities for securities, insurance, pensions, consumer affairs, co-operatives, credit unions, caisses populaires, and loan and trust companies. It is an arm’s-length Crown Corporation self-funded by the fees and assessments paid by the regulated sectors.</font></p> FCNB 2014-02-20T07:12:04-08:00 Investor Alert – Use caution when considering buying binary options Investor Alert: World Capital Market, WCM777 Investment http://fcnb.ca/pc_url_35334390 <p class="plain"></p><div class="plain">he Financial and Consumer Services Commission (FCNB) issued an alert to advise New Brunswickers of a potential investment scheme originating in California.  The California regulator has issued a Desist and Refrain Order alleging that World Capital Market, also known as WCM777 on social media, has been illegally marketing membership units in its purported online cloud service.</div><div class="plain"><br></div><div class="plain">The companies have been placed on <a rel="" link="" target="_blank" href="http://www.fcnb.ca/caution-list.html" class="plain">FCNB’s online Caution List</a>. The alert follows cease trade orders issued in <a rel="" link="" target="_blank" href="http://www.sec.state.ma.us/sct/current/sctworldcapital/worldcapitalidx.htm" class="plain">Massachusetts</a> and <a rel="" link="" target="_blank" href="http://www.dbo.ca.gov/ENF/pdf/2014/WorldCapitalMarketInc_dr.pdf" class="plain">California</a>.</div><div class="plain"><br></div><div class="plain">“The California investigation highlights several very important red flags that investors should consider before making any investment,” said Jake van der Laan, Director of enforcement at FCNB. “The company appears to have no other business than selling these marketing units and investors have been promised returns of 140% in under a year.”</div><div class="plain"><br></div><div class="plain">New Brunswickers who have been approached by these companies or other companies with similar schemes are encouraged to contact FCNB immediately. No investment from New Brunswick has been reported to date.</div><div class="plain"><br></div><div class="plain">The Financial and Consumer Services Commission provides protection to consumers and investors from unfair, improper or fraudulent practices. The commission brings together regulatory authorities for securities, insurance, pensions, consumer affairs, co-operatives, credit unions, caisses populaires, and loan and trust companies. It is an arm’s-length Crown Corporation self-funded by the fees and assessments paid by the regulated sectors.</div><div class="plain"><br></div><div class="plain">31-01-14</div><p class="plain"></p> FCNB 2014-01-31T06:16:38-08:00 Investor Alert: World Capital Market, WCM777 Investment