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Abstract:Dear Investors, Beware! The Canadian Financial Regulator, Canadian Securities Administrators (CSA) issued a warning against three fraudulent brokers named Polax Group, Top Markets, and Acapital Group.
Dear Investors, Beware! The Canadian Financial Regulator, Canadian Securities Administrators (CSA) issued a warning against three fraudulent brokers named Polax Group, Top Markets, and Acapital Group.
The Authority stated that these brokers are not registered in Manitoba to trade securities or advise anyone on how to invest in, buy, or sell securities. The CSA stated that this is a warning to assist the public and the securities industry in completing due diligence. It also advised the public that investing with these brokers is risky.
About CSA
The Canadian Securities Administrators (CSA) is the umbrella organization of Canadas provincial and territorial securities regulators whose objective is to improve, coordinate and harmonize regulation of the Canadian capital markets.
It aims to achieve consensus on policy decisions which affect our capital market and its participants. It also aims to work collaboratively in the delivery of regulatory programs across Canada, such as the review of continuous disclosure and prospectus filings.
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