Investors are being cautioned about the online entities known as Quantum Ai, Galaxy Trading Analytics (GTA), Raliplen and London Group as they may not be legitimate businesses since they are not registered with the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) to trade or sell securities or derivatives in Saskatchewan.
The FCAA recommends investors do their due diligence before making investments by verifying an entity’s registration status at: aretheyregistered.ca
“The FCAA recommends Saskatchewan residents to always check an entity’s registration status at aretheyregistered.ca before making an investment,” said FCAA Securities Division Executive Director Dean Murrison. “This is an easy way to protect yourself and keep your investments safe.”
The entities in question who claim to offer Saskatchewan residents the following trading opportunities:
Quantum Ai: cryptocurrencies and contracts for differences (CFDs).
Galaxy Trading Analytics: cryptocurrencies, forex and commodities.
Raliplen: stocks, commodities, cryptocurrencies and non-fungible tokens (NFTs).
London Group: commodities in the form of precious metals traded as futures or option contracts, as well as exchange traded funds (ETFs).
This alert applies to the online entities using “quantum-ai ca”, “gtatrade com”, “raliplen com” and “londongrp com” (these URLs have been manually altered so as not to be interactive).
The FCAA’s Securities Division can be contacted at 306-787-5936 if you have invested with Quantum Ai, Galaxy Trading Analytics (GTA), Raliplen, London Group or anyone claiming to be acting on their behalf.
Individuals or companies are required to register with the FCAA to trade or sell securities or derivatives in Saskatchewan. Registration provisions of The Securities Act, 1988, and accompanying regulations are meant to ensure only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.
Tips to protect yourself:
-Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators’ National Registration Search at aretheyregistered.ca.
-Know exactly what you are investing in. Make sure you understand how the investment, product, or service works.
-Get a second opinion and seek professional advice about the investment.
-Do not allow unknown or unverified individuals to remotely access your computer.
