“Saskatchewan residents must be wary of online entities that profess to sell investment opportunities,” Executive Director of the Securities Division with the FCAA Dean Murrison said.
“Oftentimes, these entities are not registered. At best, unregistered entities have not been vetted by regulators. At worst, they are scams designed to defraud Saskatchewan residents. More and more often in recent times, the latter seems to be the case.”These groups have been claiming to offer residents opportunities to invest in crypto currency, foreign exchange, contracts for differences, commodities and precious metals online.