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.
This program has previously been the subject of a similar warning from the Quebec securities regulator:
as well as the British Columbia Securities Commission:
Karatbars International is not registered to sell investments in New Brunswick.
For more information on being an informed investor and other financial and consumer resources, visit www.fcnb.ca.
This alert was based on an investor alert by the Autorité des Marchés Financiers.
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.