Consumer Protection

Forex Scam or Foreign Exchange Scam

This scam will offer, what seems to be a legitimate, exciting new opportunity to invest in the foreign exchange market. The sale of the scheme seems legitimized through courses in trading or software that you…

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The Offshore Investment Scam

These are scams involving high return investments. This begins with someone approaching you to come see an investment seminar. These scammers will target anyone and everyone. It may even be someone you know who was just invited…

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Double-Dipping

This scam is a mix of boiler room and what’s called the double dip scheme.

This starts out the same way as a boiler room where you are contacted about an opportunity too good to be true. Once the initial scam takes place,…

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Affinity Fraud

Affinity fraud is referred to as a fraud amongst friends. The scammer will target religious, ethnic, culture, or career and interest groups. He then joins the group and gains the trust of their most respected members. He will gradually…

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Boiler Rooms

This type of scams starting point is an unsolicited phone call, to you, to buy shares in a private company that is about to be listed on a major stock exchange. The scammer will state that, once the company…

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The Financial Services Commission of Ontario otherwise known as FSCO has stepped up again doing an audit of all brokers in Ontario. During this audit they derived that 79 Brokers and Brokerages were functioning without the mandatory errors and omissions insurance.…

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