MONTRÉAL, Sept. 22, 2015 /CNW Telbec/ - The Autorité des marchés financiers (the "AMF") is cautioning Québec investors about financial products and services offered by a firm purporting to operate in the financial sector and doing business as A&L Royal Finance Inc. This foreign company, whose existence could not be confirmed through the verifications conducted by the AMF cybersurveillance team, claims to have offices in Québec and in other provinces of Canada.
These verifications also revealed that A&L Royal Finance Inc. is illegally using the website content of Canadian financial market participants duly registered with the AMF, in particular the photographs and biographical information of officers or professionals. The AMF has contacted the individuals and companies concerned.
Neither A&L Royal Finance Inc. nor their alleged directors and representatives are registered with the AMF or hold a right to practise issued by the AMF. They do not rely on any exemption which would allow them to solicit Québec consumers of financial products and services.
The British Columbia Securities Commission recently cautioned investors about the activities of A&L Royal Finance Inc.
Don't become a victim of fraud
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 AMF 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
SOURCE Autorité des marchés financiers
For further information: 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, Twitter: @lautorite, www.lautorite.qc.ca