The Ontario Securities Commission (OSC) is warning Ontario investors not to invest with Equity Star Momentum Growth Fund, which purports to be located in the United States.

An Ontario resident was contacted by a representative of Equity Star via e-mail about an investment opportunity; however, Equity Star and its representatives are not registered to sell securities in Ontario, the OSC says.

On June 6, the New Brunswick Securities Commission issued a similar warning after two of their local residents were contacted by Equity Star. (See Investment Executive, Equity Star added to NBSC caution list, June 7, 2013.)