CALGARY, July 13, 2012 /CNW/ - The Alberta Securities Commission (ASC)
has received an undertaking from Bforex Ltd. regarding its online
foreign exchange or "forex" trading platform.
Bforex representatives contacted the ASC after the Commission issued an
investor alert advising Albertans that Bforex may be soliciting Alberta
investors without being registered to trade securities in Alberta or
making filings with the ASC regarding the trading and distribution of
any securities. Bforex advised the ASC that its online services were
provided to clients in numerous countries and that it had no intention
of breaching Alberta securities laws.
The company's undertaking confirms Bforex's services will not be offered
to Alberta investors and that the company will take steps to prevent
Albertans from accessing its website.
A copy of the Undertaking can be found on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and
efficient capital market in Alberta and to protect investors. As a
member of the Canadian Securities Administrators, the ASC works to
improve, coordinate and harmonize the regulation of Canada's capital
SOURCE Alberta Securities Commission
For further information:
For Media Inquiries:
Senior Communications Advisor
For Investor Inquiries:
ASC Public Inquiries
Toll Free 1.877.355.4488