TORONTO, March 15, 2013 /CNW/ - The Ontario Securities Commission (OSC) is warning Ontario investors not
to invest with Felmina Alliance Ltd. ("Felmina"), which purports to be
located in Panama City, Panama and to have numerous representatives in
Ontario and elsewhere in Canada. Felmina is offering investors
"investment plans", but Felmina is not registered in Ontario to engage
in the business of trading in securities or advising anyone with
respect to investing in, buying or selling securities.
Felmina is representing that its "investment plans" earn abnormal
returns of 1 per cent - 1.6 per cent per day, which translates into an
annual return of over 300 per cent. On January 11, 2013, the OSC
issued a warning to investors entitled "Beware: High-yield Investment Programs are Ponzi Schemes" that explains the risks of investing with companies like Felmina. You
can find the warning on the "OSC Investor News" section of the OSC's
website at www.osc.gov.on.ca.
The mandate of the OSC is to provide protection to investors from
unfair, improper or fraudulent practices and to foster fair and
efficient capital markets and confidence in capital markets. Investors
are urged to check the registration of any person or company offering
an investment opportunity and to review the OSC's investor materials
available at www.osc.gov.on.ca.
If you have any questions or information relating to this matter, please
contact the OSC Contact Centre at 1-877-785-1555.
SOURCE: Ontario Securities Commission
For further information:
For Media Inquiries:
Manager, Public Affairs
Media Relations Specialist
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For Investor Inquiries:
OSC Contact Centre
1-877-785-1555 (Toll Free)