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Government of Nova Scotia

09/14/2021 | Press release | Distributed by Public on 09/14/2021 06:34

Investor Alert for JC Capital Markets

The Nova Scotia Securities Commission is alerting Nova Scotians that JC Capital Markets is not registered to engage in the business of trading or advising in securities or derivatives in Nova Scotia.

At least one Nova Scotian has lost a large sum of money after making what the individual believed was an investment with JC Capital Markets, which claims to be located in St. Vincent and the Grenadines. The individual has been unable to withdraw their funds.

JC Capital Markets has been the subject of an investor warning by the Ontario Securities Commission, is on the Investment Caution List at the British Columbia Securities Commission and is the subject of a public alert from the U.S. Securities and Exchange Commission.

The commission urges Nova Scotians to exercise extreme caution when dealing with unregistered entities. Anyone who has been contacted by JC Capital Markets or suspects an investment opportunity may be fraudulent should contact the commission or the securities regulator in their jurisdiction.

Quotes:

In addition to verifying registration, always take the time to search the internet for the entity and its representatives. The internet can be a dangerous place to shop for investments but is also an important tool for avoiding financial loss. A simple internet search can reveal alerts and warnings, complaints, reviews and other useful information to help investors make informed investment decisions. Remember that if an opportunity sounds too good to be true, it probably is.Jennie Pick, enforcement counsel, Nova Scotia Securities Commission

Quick Facts:

  • it is illegal to solicit investments in Nova Scotia without registering with the commission and complying with Nova Scotia securities laws, unless an exemption applies

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