The Investment Industry Regulatory Organization of Canada (IIROC) issued a warning on Sept. 29 regarding Sigma invest Options Inc.
On its website, the company falsely claims to be regulated by IIROC and protected by the Canadian Investor Protection Fund. Sigma Invest Options Inc. is not IIROC-regulated, states the regulator.
“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,” says IIROC, adding that Canadian investors should exercise caution when dealing with non IIROC-regulated firms.