TORONTO, Dec. 4, 2013 /CNW/ - The Ontario Securities Commission (OSC) is warning investors not to invest with Leonard (Lennie) Goldman and Glendale Growth & Trust ("Glendale"), which purport to be located in Zurich, Switzerland. An Ontario investor was recently solicited to invest with Glendale. Mr. Goldman and Glendale are not registered to sell securities in Ontario.
On November 25, 2013 the Government of Newfoundland and Labrador, Financial Services Regulation Division issued a similar warning after some of its residents were contacted by Glendale.
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
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