The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by Hashminer.io.
Investors have recently contacted IIROC asking about companies that claim to require account insurance through regulatory bodies like IIROC, including companies doing business as Hashminer.io or possibly as SaveFunds-Trading.com.
IIROC-regulated investment firms 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 IIROC-regulated firms.
IIROC also does not play a role in providing insurance or approving withdrawals from investor accounts. Any company asking for payment or to increase the amount on deposit with them before approving a withdrawal is likely fraudulent. Learn more about red flags with IIROC’s Tips to Spot and Prevent Fraud.
Certain crypto assets have generated a lot of hype. All investors must be informed and ask themselves important questions before purchasing higher-risk investment products that do not trade on stock exchanges.
Investors can also check the background, qualifications and any disciplinary history of investment advisors registered with IIROC by checking the free AdvisorReport.
IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada’s debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealer firms of varying sizes and business models, and their more than 31,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.
View the PDF from the Investment Industry Regulatory Organization of Canada (IIROC CA) here: Source link