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: 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.

    Relevent 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.

    Relevent 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.

    Relevent 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:

    Relevent 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.

    Relevent 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.

    Relevent 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.

    Relevent 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).

    Relevent 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.

    Relevent 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.