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Tag: Autorité des marchés financiers

CSA: ‘No Business Is Currently Registered Or Authorized To Market Or Sell Binary Options In Canada’

Offshore scammers have their eyes on your pocket book. “[N]o business is currently registered or authorized to market or sell binary options in Canada,” the Canadian Securities Administrators said in an Investor Alert today. The risk is not merely the loss of money, CSA said. “Canadians are exposing themselves to the high risk of identity theft…

Mar 23, 2016
Binary-Options Scammers Targeting Investors For Reload Schemes And May Be Offering Bogus Compensation Funds, Quebec Authority Says

UPDATED 10:08 A.M. EDT U.S.A. Binary-options scammers may be using the names of government agencies and copying material from government websites in bids to steer people to reload schemes, Quebec’s securities regulator says. In a new warning, the Autorité des marchés financiers (AMF) is cautioning investors to be wary of plowing money into online schemes…

Jun 24, 2015
BULLETIN: Quebec’s AMF And Other Agencies Issue Warnings On ‘GetEasy’ And ‘iGetMania’ Program

BULLETIN: Canada’s province of Quebec has issued a warning on an increasingly bizarre and evolving scheme once known as “GetEasy” and now known as “iGetMania,” calling it an “investment program” that has “not filed a prospectus” and is “not registered with the [Autorité des marchés financiers] in any capacity.” AMF is Quebec’s securities regulator. The…

Jan 26, 2015
Quebec Moves To Shut Down Site That Purportedly Monitors HYIP Programs, Saying Operator Is Aiding Scammers

If the Autorité des marchés financiers (AMF) gets its way, a website styled maxhyip.com will be shut down and its operator blocked from promoting “products and services relating to various high-yield investment programs (HYIP[s]) to Quebeckers.” The alleged operator of the site is Steeve Beaudin, against whom AMF is seeking a cease-trade order and “administrative…

Nov 6, 2014
MORE MLM WHACK-A-MOLE: (1) Quebec Securities Regulator Issues Warning On Karatbars International; (2) Cross-Border Colleagues Follow Suit; (3) Former Zeek Ponzi Scheme Pitchman Defends ‘Program’ As Others Push It Alongside TelexFree

UPDATED 12:21 P.M. EDT (MARCH 28, U.S.A.) Whack-A-Mole. Here’s the latest disturbing incarnation: On March 20, the Autorité des marchés financiers (AMF) published a warning on a gold “program” known as Karatbars International GmbH. BehindMLM.com spotlighted the warning yesterday. From the AMF warning (bolding added): “With the company’s ‘Affiliates’ program, investors can make Internet-based purchases…

Mar 26, 2014
Quebec Issues Investor Alert On WCM777

UPDATED 6:42 P.M. EDT (U.S.A.) The Autorité des marchés financiers (AMF) has issued an Investor Alert on the WCM777 MLM “program.” Quebec’s securities regulator now joins at least nine other jurisdictions issuing Investor Alerts or filing actions against WCM777, also known as World Capital Market, Kingdom777 and Global-Unity. Global-Unity recently used a photo of a…

Mar 11, 2014
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…

Feb 25, 2014
UPDATE: Canada’s Ontario And Quebec Join Alberta In Issuing Warning On ‘ProfitableSunrise’; [UPDATE: British Columbia, Too]

UPDATED 4:48 PM EDT (U.S.A.) British Columbia now also has issued a warning against Profitable Sunrise. See Comments thread below . . . First it was North Carolina in the United States. Alabama quickly followed. And the United Kingdom’s Financial Services Authority also issued a warning about the Profitable Sunrise “program.” Canada’s province of Alberta…

Mar 12, 2013
UPDATE: Club Asteria, Cherry Shares, ‘JustBeenPaid’ Promoter ’10BucksUp’ Falsely Claims PP Blog Posts As ‘ISPY’ On MoneyMakerGroup Ponzi Forum; HYIP Apologist Taunts U.S. Law Enforcement In Bizarre Post

The bizarre descent into chaos of a failing “program” that claimed to be moving to “offshore” servers and once made its participants swear they were not government spies or media lackeys has gotten stranger yet. Poster “10BucksUp,” who’s now flogging the JustBeenPaid “program,” falsely claimed on the MoneyMakerGroup Ponzi forum today that the PP Blog…

Sep 13, 2011
BULLETIN: Quebec Regulators Reference Cherryshares And Mega Pension Plan — Two ‘Programs’ Pushed On Ponzi Boards — In Freeze And Cease-Trade Orders Against 3 Canadian Promoters, 2 Companies

BULLETIN: The Autorité des marchés financiers (AMF) has obtained freeze and cease-trade orders against three Quebec residents and two business entities — and has shut down at least one website amid allegations that an international marketing scam was under way. At least two of the programs referenced in AMF’s action were promoted on the TalkGold…

Jun 15, 2011