The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by Ontario Invest.
Through their website, Ontario Invest “falsely claims to be an IIROC-regulated crypto-asset management and investment company and a registered representative of RBC Direct Investing Inc,” IIROC said in a statement released March 24. “Ontario Invest is not an IIROC-regulated investment dealer and not associated with RBC Direct Investing Inc or any other IIROC-regulated firm,” the regulator added.
In its statement, IIROC urged Canadian investors to exercise caution when dealing with non IIROC-regulated firms.
