Investor Alert: ZtronFX Capital Inc.

Type: Media Release> General

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Aruna Guru
Senior Public Affairs and Corporate Communications Specialist
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Be an informed investor - Don't be fooled by fraudsters misrepresenting themselves

JANUARY 5, 2023 (Toronto, Ontario) – New Self-Regulatory Organization of Canada (New SRO) is warning Canadian investors not to be fooled by ZtronFX Capital Inc.

On their website, www.ztronfx.com, the company falsely claims to be a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). ZtronFX Capital Inc is not regulated in Canada and is not a member of IIROC, the CIPF or New SRO.

Additionally, ZtronFX Capital In 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 different from regulated marketplaces and may be missing key investor protections.

Registered investment firms are regulated, 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-registered firms.

Investors should confirm investment firms are registered with New SRO, formerly IIROC, or with the Canadian Securities Administrators (CSA).

Investors can also check the background, qualifications and any disciplinary history of investment advisors registered with New SRO by checking the free Advisor Report for investment dealers, or the CSA’s National Registration Search for mutual fund dealers.

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About New SRO
New Self-Regulatory Organization of Canada (New SRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. New SRO is carrying on the regulatory functions of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada, and is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.newselfregulatoryorganizationofcanada.ca.

About CIPF
The Canadian Investor Protection Fund (CIPF) is the compensation fund that provides protection within prescribed limits to eligible clients of member firms suffering losses if client property comprising securities, cash, and other property held by such member firms is unavailable as a result of the insolvency of the member firm.

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MFDA and IIROC have consolidated

As of January 1, 2023 the MFDA and IIROC have come together as New Self-Regulatory Organization of Canada (New SRO).

New SRO has assumed the regulatory responsibilities of the MFDA and IIROC.

We have set up an interim website for updates and information related to the New SRO including:

  • Executive Management
  • Governance
  • New SRO Rules
  • Member Application
  • Investor Office and the Investor Advisory Panel
  • Information concerning mutual fund dealers registered in Québec
  • Complaints
  • Careers

Enforcement proceedings, membership lists, continuing education, investor education resources and any other information not set out above continue to reside on www.mfda.ca and www.iiroc.ca.