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Abstract:The Canadian Securities Administrators (CSA) recently issued a warning to investors about six fraudulent brokers operating in Canada. The names of the scam brokers are :
The Canadian Securities Administrators (CSA) recently issued a warning to investors about six fraudulent brokers operating in Canada. The names of the scam brokers are :
1.AI CFD PRO
2. InvestmentPeak1
3.PeakmarketsPro
4. 24 CFD CAP
5. Ambit Capital
According to CSA, these firms are not registered and hence are not permitted to provide investment services or other activities regulated by the CSA.
Investors should pay close attention to any updates or additions to the authoritys Warning List. Being alert and proactive in checking this list regularly can help prevent financial losses and protect against scams. It is essential to take the necessary steps to verify the legitimacy of any investment opportunity before committing funds.
About CSA
The Canadian Securities Administrators (CSA) is the umbrella organization of Canadas provincial and territorial securities regulators whose objective is to improve, coordinate, and harmonize the regulation of the Canadian capital markets.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.