Ontario’s securities regulator is warning investors not to send money to Featherstone and Bellman Equity Exchange Group.

Representatives of FAB “may be soliciting residents of Ontario in an advance fee scheme,” the Ontario Securities Commission said Wednesday.

The OSC said FAB representatives are contacting investors who hold York Rio securities and offering to sell the securities for the investors at a substantial premium.

Investors are being told that they have to send an advance fee payment to FAB before their securities can be sold.

FAB is purportedly located in Mexico. It is not registered with the Ontario Securities Commission under the Securities Act.

IE