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Dec 14, 2018
CALGARY – Dec 14, 2018 – The Alberta Securities Commission (ASC) is warning Alberta investors to be cautious if solicited by Affiliated Trade Group, a purported investment claiming to have locations in Calgary, Costa Rica, Japan and Switzerland.
The public should be aware that Affiliated Trade Group is not registered to sell securities or derivatives in Alberta, and that its actions are not in compliance with Alberta securities laws.
There are several “red flags” common to illegal investment schemes present in Affiliated Trade Group’s promotions and sales techniques, including:
If you are considering an investment opportunity through a company that is not registered, be sure to understand whether the company is complying with applicable securities laws. The ASC encourages all investors to check the registration status of any person or company selling investments to Canadians using the Canadian Securities Administrators’ National Registration Search database: www.aretheyregistered.ca.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
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Hilary McMeekin Communications Manager 403-592-8186
ASC Public Inquiries Toll Free: 1-877-355-4488