Quebec Issues Warning On ‘Affluential Group Corp.’

The Autorité des marchés financiers (AMF) says an entity known as “Affluential Group Corp.” is soliciting illegally in Quebec.

AMF conducted cybersurveillance and discovered online ads for Affluential Group and is seeking “orders to cease the solicitation, remove the ads and close Affluential Group Corp.’s website,” the agency said.

In addition, the agency said, AMF is seeking “to impose administrative penalties on the firm and its two officers, Ali Haida Tarafdar and Sean Pugliese.”

“Advertisements posted on classified ad websites target consumers with $20,000 to $25,000 to invest, and promise investment returns of 12% to 25% within six months,” AMF said.

From an AMF statement (italics added):

Neither Affluential Group Corp. nor its representatives or directors, Ali Haida Tarafdar and Sean Pugliese, are registered with the AMF, and are therefore not authorized to solicit Québec consumers for investment purposes.

Google search results show that at least one Affluential Group ad appeared on Craigslist before being deleted.