CALGARY, June 29, 2012 /CNW/ - The Alberta Securities Commission (ASC)
is issuing an investor alert about Bforex, an offshore company that
claims to be an online, over-the-counter broker specializing in the
trading of foreign currency and commodities. The ASC has received
information that Bforex has solicited Albertans to invest, even though
the offshore company is not registered with the ASC to sell securities,
is not a reporting issuer in Alberta and has not made any filings with
the ASC. Bforex appears to be based out of the British Virgin Islands
and lists contact information in seven countries on its website.
The ASC reminds Albertans of the following red flags when offered an
online investment opportunity:
Guaranteed high returns, no risk
High pressure sales tactics to invest right away
Tax-free and offshore
Website content is full of jargon, or contains spelling or grammatical
Lack of quality information or indication of who is offering the
Quebec's Autorité des marchés financiers has also issued a caution alerting investors to this company's unauthorized activities.
Canadian securities regulators have issued an Investor Watch related to foreign currency exchange (Forex) trading that highlights the
significant risks related to this type of investment.
Anyone who has knowledge about this investment offering is asked to
contact ASC Public Inquiries at 403-355-4151, toll free 1-877-355-4488
or email firstname.lastname@example.org.
The Alberta Securities Commission (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.
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