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 and cautions we’ve issued for the last nine years on our Investor Alert Database.
To create further awareness concerning the companies and people identified in Alerts and Cautions, our Before You Invest Blog does regular reviews of Alerts throughout the year.
This review looks back at all the Alerts and Cautions we issued between April and June. This month we’ve also included some alerts issued by external organizations that are relevant to Nova Scota investors.
June 13, 2025 - Canadian Securities Administrators encourage Canadians to look out for deceptive social media investment scams
In recognition of World Elder Abuse Awareness Day (WEAAD) on June 15, 2025, the CSA encouraged Canadians to connect with older adults in their lives to talk about the growing trend of artificial intelligence (AI) and social media investment scams targeting seniors.
June 17, 2025 - RCMP warning of cryptocurrency investment scam
The RCMP Halifax Regional Detachment warned the public about a cryptocurrency investment scam reported in Eastern Passage. On June 13, RCMP officers responded to a report of fraud. Investigators learned that a man was contacted through email and then via a social media app to invest in cryptocurrency. The victim was defrauded more than $150,000.
June 18, 2025 - Notice to Canadian investors to withdraw their assets from the cryptoasset trading platforms XT.com and CoinEx
The Autorité des marchés financiers (AMF) advised the public that, on April 23, 2025, it obtained permanent injunctions from the Superior Court of Québec (Superior Court) compelling Canada’s main telecommunications companies to block access to the websites of the cryptoasset trading platforms XT.com and CoinEx
**NSSC issued an investor caution for XT.com on April 19, 2023.**
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.
SwissGateVC
Grayscale-Group
Allegiant Metals Group/ Allegiant Capital Group