TORONTO, July 4, 2012 /CNW/ - The Ontario Securities Commission (OSC) is warning Ontario investors not to invest with MI Capital Corporation (MI Capital), its representatives or associated companies and their representatives, including One Capital Corp. Limited (One Capital Corp.). MI Capital claims to be located in Hong Kong and appears to be soliciting residents of Ontario to invest in gold options.
MI Capital, One Capital Corp. and representatives of these companies are not registered in Ontario to solicit investments from Ontario residents or to provide advice on investing in, buying or selling securities.
If you have been approached to invest by representatives of MI Capital or One Capital Corp., please call the OSC Contact Centre at 1-877-785-1555 for assistance.
MI Capital and One Capital Corp. also appear to be targeting investors across Canada. The Manitoba Securities Commission and the British Columbia Securities Commission have each issued investor alerts to warn the public about MI Capital targeting residents in those provinces. The New Brunswick Securities Commission has issued a permanent cease trade order against MI Capital and One Capital Corp. And the Alberta Securities Commission has issued a Notice of Hearing against the companies. For more information, please visit the respective websites of these securities commissions.
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.
For further information:
For Media Inquiries:
Manager, Public Affairs
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For Investor Inquiries:
OSC Contact Centre
1-877-785-1555 (Toll Free)