The Financial and Consumer Services Commission (FCNB) has become aware that BBanc, which claims to provide online cryptocurrency, commodities, metal, stock and forex trading services, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. BBanc appears to be operating out of London, UK as well as Saint Vincent and Grenadines.
New Brunswickers are urged to exercise caution when investing with BBanc or any unregistered entities or individual(s) as this presents a significant risk. Individuals and firms in the business of advising or trading in securities or derivatives in New Brunswick must be registered with FCNB.