Investor Alerts

IIROC is committed to protecting investors and the integrity of our markets. Our investor alerts caution Canadian investors about potential harmful activity by individuals or organizations.

We issue these alerts to the media and post them on this page and our social media accounts.

Think you've been approached with a fraudulent investment opportunity? Recognize the warning signs.

Investors can confirm investment firms are registered with IIROC.

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

    Date: July 11, 2022

    Summary:

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

    On their website https://bbcapitalmarket.com/, the crypto company falsely implies IIROC regulation and CIPF coverage by including links to IIROC and CIPF documents on its’ website.

    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.

    Relevant Documents: Investor Alert: Black Bull Markets

    Date: June 10, 2022

    Summary:

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

    Through their website, lucrosfinanceiros.finance, Lucros Financeiros falsely claimed to be an IIROC-regulated crypto-asset trading platform. Lucros Financeiros is not a Canadian IIROC-regulated firm.

    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.

    Relevant Documents: Investor Alert: Lucros Financeiros

    Date: June 3, 2022

    Summary:

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

    On their website https://m.liquidityswap.vip/, 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.

    Relevant Documents: Investor Alert: Liquidityswap

    Date: May 6, 2022

    Summary:

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

    Investors have reported that Maxi Capital Ltd. (www.maxicapital.group) is making statements, through their representatives, that they are registered with IIROC. Maxi Capital Ltd., which claims to be an overseas crypto-asset trading platform, is not registered in Canada, and is not an IIROC-regulated dealer. 

    Relevant Documents: Investor Alert: Maxi Capital Ltd.

    Date: March 30, 2022

    Summary: 

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

    Through their website uniquebinars.io, Unique Binars falsely claims to be registered in Canada with IIROC while, in fact, Unique Binars is not an IIROC-regulated investment firm.

    Relevant Documents: Investor Alert: Unique Binars

    Date: March 24, 2022

    Summary: 

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

    Through their website https://ontarioinvest.com, Ontario Invest falsely claims to be an IIROC-regulated crypto-asset management and investment company and a registered representative of RBC Direct Investing Inc. Ontario Invest is not an IIROC-regulated investment dealer and not associated with RBC Direct Investing Inc or any other IIROC-regulated firm.

    Relevant Documents: Investor Alert: Ontario Invest

    Date: February 18, 2022

    Summary: 

    The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by the website velocitytradefx.com or by cold callers representing velocitytradefx.

    Velocitytradefx.com is falsely representing itself to be the website for and using the logo belonging to Velocity Trade, the parent company of IIROC-registered firm Velocity Trade Capital, when in fact the genuine website is www.velocitytrade.com. 

    Relevant Documents: Investor Alert: Veloc​i​ty​trade​fx​.com

    Date: February 9, 2022

    Summary: 

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

    Investors have recently contacted IIROC asking about companies that claim to require account insurance through regulatory bodies like IIROC, including companies doing business as Hashminer.io or possibly as SaveFunds-Trading.com.

    Relevant Documents: Investor Alert: Hash​min​er​.io

    Date: February 4, 2022

    Summary: 

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

    Through their website https://tradingspace.pro, the company falsely claims to be an IIROC-regulated crypto-asset management and investment company. Trading Space is not an IIROC-regulated investment dealer.

    Relevant Documents: Investor Alert: TradingSpace

    Date: December 23, 2021

    Summary: 

    Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by Elitesfx, also known as Elitefx.

    Elitesfx (www.elitesfx.com) is luring investors with promises of quick profits in cryptocurrency trading. When investors try to withdraw funds from their account, Elitesfx claims that their withdrawals are put "on hold" by IIROC and they are required to "upgrade" their accounts.

    Relevant Documents: Investor Alert: EliteS​FX​.com

    Date: December 6, 2021

    Summary: 

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

    InteractiveBrokerage.net is falsely representing itself to be the website for IIROC-registered firm Interactive Brokers Canada Inc., when in fact the genuine website is interactivebrokers.ca.

    Relevant Documents: Investor Alert: Inter​ac​tive​Bro​ker​age​.net

    Date: November 4, 2021

    Summary: 

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

    UnicornFX, also known as Unicorn Global Limited, is falsely claiming to be a legitimate foreign exchange broker regulated by IIROC. This unregulated, offshore company is using a forged certificate claiming to be regulated by IIROC. IIROC does not issue certificates to regulated firms.

    Relevant Documents: Investor Alert: UnicornFX

    Date: September 17, 2021

    Summary: Celox.live falsely claims to be an IIROC-regulated online trading broker and uses IIROC's and its legitimate dealer members' information on forms and contracts to entice investors. The company is an offshore, unregulated entity.

    Relevant Documents: Investor Alert: Celox.live

    Date: August 31, 2021

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

    Relevant Documents: Investor Alert: Questradeinc​.com

    Date: August 27, 2021

    Summary: Investors have recently contacted IIROC asking about companies that claim to be regulated by IIROC or improperly using IIROC's name to deceive and gain legitimacy with investors, including companies doing business as:

    Relevant Documents: Investor Alert: Bonds Wealth Ltd and Koorbit Company Ltd

    Date: August 17, 2021

    Summary: Through their website https://rxdoptions.com, the company claims to offer accounts for trading in cryptocurrency, forex, and binary options.

    Relevant Documents: Investor Alert: RxD Options

    Date: August 13, 2021

    Summary: Through their website https://cryptlogger.com, the company falsely claims to be an IIROC-regulated crypto-asset management and investment company.

    Relevant Documents: Investor Alert: Cryptlogger

    Date: July 27, 2021

    Summary: Fraudsters are impersonating trusted IIROC-regulated institutions through many channels, including genuine-looking phishing websites, high-quality brochures and other investment documents. These fraudulent sites or documents offer and market a fake guaranteed bond fund and GICs with unrealistic investment returns.

    Relevant Documents: Investor Alert: Beware of Fake Financial Websites Trying To Steal Your Money

    Date: February 8, 2021

    Summary: IIROC has received enquiries regarding its decision to cancel trades in Nabis Holdings Inc. (CSE:NAB) between January 27, 2021 and February 2, 2021 (IIROC Notice 21-0022).

    Relevant Documents: IIROC statement on Nabis Holdings Inc.

    Date: February 1, 2021

    Summary: TORONTO - The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) are closely monitoring how extreme price movement of certain stocks may be contributing to volatility in Canada’s capital markets. We will take appropriate regulatory action to protect investors if we identify that abusive or manipulative trading activity may be taking place.

    Relevant Documents: Joint statement from the CSA and IIROC on the Recent Market Volatility

    Date: January 29, 2021

    Summary: 

    The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by fraudsters attempting to operate as legitimate individuals regulated by IIROC.

    IIROC has learned of online advertisements on social media and other websites, targeting Canadian communities, making false claims as IIROC-accredited professionals in binary options and digital asset management.

    Binary options cannot be offered or sold to retail investors in Canada. No IIROC dealers are authorized to sell binary options to retail investors in Canada. Investors can confirm the investment firms registered with IIROC.

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

    The Canadian Securities Administrators provide investor alerts. Investors contacted by anyone offering binary options should immediately report the incident to their provincial or territorial securities commissions.