The Alberta Securities Commission (ASC) issued an alert Aug. 7 that warns Alberta investors “to exercise caution if solicited by investoneforme, a purported investment firm headquartered in Brazil.”
The ASC says the public should be aware that investoneforme is not registered to sell securities or derivatives in Alberta.
Common red flags
The regulator adds that there are several red flags common to illegal investment schemes present in investoneforme's promotions, including this lack of registration. “With limited exceptions, any firm or individual selling securities or derivatives to investors in Alberta must be registered with the ASC,” explains the regulator.
Another red flag is suspicious contact information. “The firm's location is listed as Brazil, but the map provided on the website shows investforme as being located in Panama.” In addition, the original photos of investforme's "Executive Team" on its website were copied from another company, but with different names, says the ASC. The photos have since been removed and the names changed.