Investor Alert: Be an informed investor

Friday, 03 June 2022 12:00.PM

- Don't be fooled by fraudsters misrepresenting themselves. -

The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by liquidityswap.

On their website https://m.liquidityswap.v.../, the company falsely claims to be an IIROC-regulated crypto-asset trading platform. Liquidityswap is not regulated by IIROC.

Certain crypto-assets have generated a lot of hype. All investors must be informed and ask themselves important questions before purchasing higher-risk investment products that do not trade on stock exchanges. Investors should know that crypto-asset trading platforms are not the same as regulated marketplaces and may be missing key investor protections.

IIROC-regulated investment firms and individuals must meet our high standards and deal fairly, honestly and in good faith with Canadian investors. We urge Canadian investors to exercise caution when dealing with non IIROC-regulated firms.

Investors can confirm investment firms are registered with IIROC or with the CSA.

Investors can also check the background, qualifications and any disciplinary history of investment advisors registered with IIROC by checking the free AdvisorReport.


SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - General News