nova scotia securities commission


"The commission certainly prioritizes return of monies when it can to investors, but in this administrative proceeding the penalties that are being sought include sanctions, an administrative penalty or costs.". Pick said if the securities commission hearing finds Robinson broke the Securities Act, it could impose sanctions preventing him from trading in securities in the future. JE also didn't receive any loan money. Do not invest more than you can afford to lose." Stephanie Atkinson, acting director of enforcement, Nova Scotia Securities Commission, -- any firm offering Forex trading to Nova Scotians must be registered with the commission and be a member of the Investment Industry Regulatory Organization of Canada, File a complaint or report a scam to the Nova Scotia Securities Commission: https://nssc.novascotia.ca/recognize-and-report-scam, To see if a company or person is registered, visit: https://www.securities-administrators.ca/nrs/nrsearchprep.aspx, Learn more about Forex investing and how to recognize Forex scams: https://nssc.novascotia.ca/before-you-invest/what-are-forex-scams, https://nssc.novascotia.ca/recognize-and-report-scam, https://www.securities-administrators.ca/nrs/nrsearchprep.aspx, https://nssc.novascotia.ca/before-you-invest/what-are-forex-scams, a guarantee of little or no risk, and high investment returns, dealers or brokers who are not registered with a provincial or territorial securities commission, and based outside of Canada where it can be difficult or impossible to retrieve funds, an unwillingness to discuss the past performance or track record of the specialist traders who will handle their money, an unwillingness to identify specialist traders or traders located in offshore jurisdictions who will handle their money; and/ or, high-pressure sales techniques to buy a Forex investment, to purchase software or take courses related to Forex trading. If you do invest in Forex, you need to know that it is a complex, volatile and extremely risky investment. The Nova Scotia Securities Commission is alerting Nova Scotians that they are seeing an increase in Forex-related scams targeting investors. Some of the warning signs that a Forex investment may be fraudulent include: Do not invest more than you can afford to lose. LeadingPips is soliciting investments through its website: leadingpips.com. The Commission issued our latest alert about a Forex-related scam just last week. -- any firm offering Forex trading to Nova Scotians must be registered with the commission and be a member of the Investment Industry Regulatory Organization of Canada, Additional Resources: However, its complexity and volatility can be used by fraudsters to mislead unsuspecting investors into believing a scheme is a legitimate and lucrative investment. The Nova Scotia Securities Commission is alerting Nova Scotians that they are seeing an increase in Forex-related scams targeting investors. This site has moved to nssc.novascotia.ca. *************************, Sign in or register for your free account, Forex investing includes speculating on the change in value of one currency against another and is legal and regulated in the province if done through licensed dealers, Woman charged with stunting on Highway 102, Nine members appointed to the Council on African Canadian Education, Police release name of Dartmouth homicide victim, https://nssc.novascotia.ca/recognize-and-report-scam, https://www.securities-administrators.ca/nrs/nrsearchprep.aspx, https://nssc.novascotia.ca/before-you-invest/what-are-forex-scams. LeadingPips claims to be an online trading platform specializing in the trading of forex, binary options, crypto assets and other financial instruments. Forex investing includes speculating on the change in value of one currency against another and is legal and regulated in the province if done through licensed dealers in Nova Scotia. Ltd. Chartered Professional Accountants of Canada (CPA Canada) Report this profile; About. The public hearing of the allegations is scheduled to take place on Oct. 14-16. Forex investing includes speculating on the change in value of one currency against another and is legal and regulated in the province if done through licensed dealers in Nova Scotia. Mr. Robinson and DRR900306 N.S. -- dealers or brokers who are not registered with a provincial or territorial securities commission, and based outside of Canada where it can be difficult or impossible to retrieve funds All three listed in the statement of allegations have been unable to get their money back. Experienced investigator in the finance industry. GiroFX, https://www.GiroFX.com, claims to be an online trading platform for forex, stocks, goods, cryptocurrencies and crypto assets. The Nova Scotia Securities Commission has launched a new webpage and online video to provide COVID-19 investing information to the public. - Stephanie Atkinson, acting director of enforcement, Nova Scotia Securities Commission, Quick Facts: The Nova Scotia Securities Commission was established to provide investors with protection from activities that undermine investor confidence in the fairness and efficiency of Nova Scotia capital markets and, where not inconsistent with investor protection, to foster capital formation. The Nova Scotia Securities Commission is alerting investors that GiroFX is not registered to trade in securities or derivatives in Nova Scotia. The Nova Scotia Securities Commission is alerting investors that Wesley Robinson and DRR900306 N.S. The process required the applicant to pay a fee of $350,000 US. Please remember to change your bookmarks and favourites. The Nova Scotia Securities Commission is investigating a man it says took almost $300,000 from three people while operating a business out of a Halifax post office box. "The commission and other provincial and territorial securities regulators in Canada have seen a rapid increase in Forex-related scams online in the past few months. That's outside the scope of the proceeding and what we're able to seek," Pick said. However, its complexity and volatility can be used by fraudsters to mislead unsuspecting investors into believing a scheme is a legitimate and lucrative investment. Shaina Luck covers everything from court to city council. The complainants BS and JE made similar agreements with Robinson but received nothing in return. "Unfortunately, in an administrative proceeding like this, one of the remedies that we're seeking is not to return the money to the complainants.

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