Submitted by nsscadmin on
The principal mandate of the Nova Scotia Securities Commission (NSSC) is to protect Nova Scotia investors. One of the ways we do that is by issuing Investor Alerts and Cautions. You can find all the alerts we’ve issued for the last eight years on our Investor Alert Database.
To create further awareness concerning the companies and people we have Issued Alerts and Cautions about, our Before You Invest Blog does regular reviews of alerts throughout the year.
The review looks back at all the alerts and cautions we issued between April and September.
In recognition of World Elder Abuse Awareness Day, the CSA urged older adults, and their loved ones, to remain vigilant in the face of growing online financial elder abuse and to remember the importance of naming a Trusted Contact Person.
Canadian seniors are being targeted with sophisticated online scams. Older adults can often be the target of financial scams. Scam artists take advantage of those who may be socially isolated or have diminished capacity and who have accumulated savings over time. Advancements in technology, like artificial intelligence (AI), have created new avenues for criminals to exploit these vulnerabilities and deceive victims. AI voice cloning allows scammers to impersonate family members or friends in urgent need of money. AI can also be used to easily manipulate images and videos, known as deepfakes, to create credible personas on dating sites and social media along with fake celebrity endorsement ads.
July 9 - Investor Alert: Fraudulent social media “investment groups” take advantage of unsuspecting investors
The CSA warns Canadians about fraudulent “investment groups” promoted on social media like Facebook and Instagram. These groups could be running a scam called a “pump and dump.”
Investor Cautions issued by NSSC
Investor Cautions are warnings to potential investors that the individuals or entities named do not appear to be registered to engage in the business of offering securities or derivatives in Nova Scotia or that the investment products do not appear to be offered in a manner permitted by Nova Scotia securities laws. Visit our Investor Cautions List for more information on the entities listed below.
TLG Corp Limited / TLG/ TLG Group
Magnum Holdings / Magnum Holdings Limited
Seven Seas/Seven Seas Exchange/Seven Sea Crypto *Please note this is not to be confused with "Seven Seas Capital Management Inc."
Call4trade / Call 4 Trade
Tesla SpaceX Investments
Canadian Capital Markets
AvaTrade / Avatrade
Valiant Markets
FXT Trades/ FXT Trades Investment