CSA warns against Two Unauthorised Brokers

Canadian Securities Administrators (CSA) issued a warning against Two Scam brokers named Global FXP Markets and StockviewFX. The authority warned Customers not to invest with such brokers. CSA shared the details on its official website.

The Authority said these two brokers are not registered with AMF and are not authorized to solicit investors in Québec. CSA advised investors to avoid these brokers and to report any suspicious activity to the authorities.

Investors must be vigilant when dealing with forex brokers and conduct proper due diligence before investing in any broker. They should check the CSAs register of authorized firms to ensure that the broker they are dealing with is legitimate or not.

About CSA

The 10 provinces and 3 territories in Canada are responsible for securities regulations. Securities regulators from each province and territory have teamed up to form the Canadian Securities Administrators, or CSA for short. The CSA is primarily responsible for developing a harmonized approach to securities regulation across the country.

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