Thursday, February 26th4.1°C
25329
23931

Alberta Securities regulator warns of scam to put money in offshore accounts

CALGARY - The Alberta Securities Commission is warning investors of what appears to be an illegal scheme to sell securities by Europe-based TRID Pacific Investments.

The provincial securities regulator says TRID has encouraged Alberta investors to place funds in offshore accounts in order to access a new investment product that promises high returns with low risk.

The regulator notes that it's more difficult, if not impossible, for investors to retrieve their money offshore if something goes wrong. This type of investment makes it highly unlikely for investors to be insured against loss, the regulator adds.

The Alberta Securities Commission says TRID isn't registered to sell securities in Alberta and is based in Monaco, but funds are sent to accounts in Spain.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15241.16+12.59
S&P CDNX700.93+1.44
DJIA18214.42-10.15
Nasdaq4987.89+20.753
S&P 5002110.74-3.12
CDN Dollar0.8004+0.0013
Gold1203.00+6.10
Oil50.96+0.57
Lumber296.80+1.30
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.115-0.005
Knighthawk0.010.00
QHR Technologies Inc1.58+0.02
Cantex0.035-0.005
Anavex Life Sciences0.19+0.001
Metalex Ventures0.04+0.005
Russel Metals25.68+0.37
Copper Mountain Mining1.26+0.03
Colorado Resources0.15+0.015
ReliaBrand Inc0.0087+0.0017
Sunrise Resources Ltd0.05+0.015
Mission Ready Services0.21-0.015

 



23015

FEATURED Property
2216267617 Peridot Place
5 bedrooms 4 baths
$699,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24850