The British Columbia Securities Commission (BCSC) has just updated its Investment Caution List, featuring the names of unregistered brokerage firms, which unlawfully target British Columbia investors or misleadingly purport to be associated with the Canadian province.
The latest addition to the Investment Caution List is Smart FX Online, a company offering its services via www.smartfxonline.com.
The regulator says that it recently became aware of an advertisement placed by Smart FX Online (SFO), which claims to have an office in Seattle, Washington, and offers a service to trade investors’ money in Forex.
The watchdog notes that Smart FX Online is not registered to trade in, or advise on, securities or exchange contracts in British Columbia.
Investors are encouraged to exercise caution when dealing with firms that are not registered to trade or advise in British Columbia.
You can view the latest warning from the BCSC by clicking here.