MONTREAL, Feb. 24, 2014 /CNW Telbec/ - The Autorité des marchés financiers (the "AMF") is warning Québec consumers about solicitations made through on-line ads encouraging them to purchase investment products related to Affluential Group Corp.
Neither Affluential Group Corp. nor its representatives or directors, Ali Haida Tarafdar and Sean Pugliese, are registered with the AMF, and are therefore not authorized to solicit Québec consumers for investment purposes.
Advertisements posted on classified ad websites target consumers with $20,000 to $25,000 to invest, and promise investment returns of 12% to 25% within six months.
To ensure compliance with the law and protect the public, the AMF is asking the Bureau de décision et de révision (the "Bureau") for orders to cease the solicitation, remove the ads and close Affluential Group Corp.'s website. The AMF is also asking the Bureau to impose administrative penalties on the firm and its two officers, Ali Haida Tarafdar and Sean Pugliese.
The ads were discovered through cyber-surveillance conducted by the AMF. If you see such ads or have responded to similar offers, do not hesitate to contact the AMF Information Centre.
Reminder to investors
The AMF reminds investors to follow five simple steps to help determine if they are the target of fraud. Visit our website to learn more about how to protect yourself against this type of conduct.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.
Sylvain Théberge: 514-940-2176
SOURCE: Autorité des marchés financiers
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