The Financial and Consumer Services Commission (FCNB) issued a warning to New Brunswickers on July 11 regarding solicitation from two unregistered firms.

The regulator warns that Blue Sail Trading “claims to be an investment firm that invests client funds in the foreign exchange market and claims to have offices in Costa Rica, Panama, Colombia and Dubai. HB Global claims to be an investment firm that invests client funds in the derivatives market. HB Global also claims to be based in Dublin, Ireland.”

The FCNB underlines that these companies are not registered to trade in or advise on securities or derivatives in New Brunswick.

HB Global has also had an Investor Alert placed in British Columbia for selling investments without being registered.

Anyone who has been approached or targeted to invest through either of these companies is asked to contact FCNB toll-free at 1-866-933-2222, or through its website at fcnb.ca/contact.