MONTRÉAL, June 16, 2015 /CNW Telbec/ - The Autorité des marchés financiers (the "AMF") is urging investors to be cautious about solicitations by Dean Capital Group to invest in Alberta Bakken Basin L.P., among others. The AMF has received at least one complaint from a Québec investor who responded to such an offer and has been unable to recover the amount invested.
As well, certain directors related to Dean Capital Group have purportedly recently associated with Sterling Capital and Noble Resources Ltd., which promote strategies on their website they claim will generate up to a 50% return through derivatives trading, an activity reserved for derivatives dealers and advisers duly registered with the AMF.
Neither Dean Capital Group, Sterling Capital, Noble Resources Ltd. nor their alleged directors and representatives are registered with the AMF, and none of them benefit from an exemption which would allow them to solicit investors in Québec.
The Ontario Securities Commission placed Dean Capital Group on its Warning List in 2013.
Don't become a victim of fraud
The derivatives market is complex and volatile. It is intended for investors who have the knowledge, time and resources to track it. Investors who do not have the knowledge and time needed to trade in this market could incur significant losses.
Whether on the Internet or in person, offering investments is a regulated activity. The person or company offering investments must be registered with the AMF. To make sure that you don't become a victim, check the Register of firms and individuals authorized to practise.
If you think you have detected or been the target of a scam, do not hesitate to contact the Information Centre. Your information could help the AMF better protect consumers.
Visit the AMF website to learn about other ways to prevent fraud.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.
Sylvain Théberge: 514-940-2176
Québec City: 418-525-0337
SOURCE Autorité des marchés financiers
For further information: Media only: Sylvain Théberge: 514-940-2176 ; Information Centre: Québec City: 418-525-0337, Montréal: 514-395-0337, Toll-free: 1-877-525-0337