Investor Alert: UnicornFX

Type: Media Release> General

Contact:

Sean Hamilton
Director, Public Affairs and Member Education Services
Telephone:
Email:

Be an informed investor - Don't be fooled by fraudsters misrepresenting themselves

November 4, 2021 (Toronto, Ontario) – 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.

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 firms claiming to be regulated by IIROC.

Investors should confirm investment firms are registered with IIROC.

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

Investors contacted by anyone offering unregulated forex trading should immediately report the incident to their provincial or territorial securities commissions.

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About IIROC:

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 31,000 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.

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