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Saskatchewan regulator issues cease-trade order

Regulator issues cease trade order

Harvested wheat on farm field with hay bale in Saskatchewan, Canada

Trade12 has solicited investors in the province by phone inviting them to open trading accounts, the FCAA says

The Dubai-based firm trading plaform is not registered to trade securities in the province

Regulators are seeing significant losses to investors dealing with unregistered binary option companies

The alleged “recovery room” scam targets victims of binary options schemes

The FCAA is warning investors that these types of firms continue to operate and are not registered to do so in the province

Firms increasingly adopting electronic data feeds to track insurance policies

The scam involves an individual claiming to be a representative of the U.S. Treasury Department’s Financial Crimes Enforcement Network

30% of the investment fraud claims that reach the FCAA’s securities enforcement branch come from seniors

FCAA extends order to Sept. 8