Be an informed investor - Don't be fooled by fraudsters misrepresenting themselves
November 18, 2022 (Toronto, Ontario) – The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by coinex-miner.
On their website, https://www.coinex-miner.com/, the company falsely claims to be a registered investment dealer of IIROC and a member of the Canadian Investor Protection Fund (CIPF). Coinex-miner is not regulated by IIROC and is not a member of the CIPF.
Additionally, coinex-miner is not registered in Canada to sell forex or crypto assets, or any other investment products. 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 unregulated 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, or members of CIPF.
Investors can also check the background, qualifications and any disciplinary history of investment advisors registered with IIROC by checking the free AdvisorReport.
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IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealer firms of varying sizes and business models, and their more than 32,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.