New Brunswick’s Monetary and Client Providers Commissions has issued a securities fraud warning in opposition to CashFX Group.
As per a warning issued on February 1st, the FCNB state they
just lately turned conscious that Money Foreign exchange Group (CFX) could have been advertising and promoting their services and products to New Brunswickers.
CFX will not be registered to commerce in, or advise on, securities or derivatives in New Brunswick.
Companies have to be registered in New Brunswick to commerce or advise in FOREX, in any other case they’re in breach of the province’s securities legal guidelines.
CashFX Group will not be registered to supply securities in any jurisdiction. The corporate operates illegally the world over.
To this point 5 Canadian provinces have issued securities fraud warnings in opposition to CashFX Group; New Brunswick, British Columbia, Quebec, Saskatchewan and Manitoba.
For those who’re questioning why so many, it’s doubtless as a result of CashFX Group high promoter Luigi Bruni resides in Quebec.
Bruni, alongside along with his US companion in crime Justin Halladay, are believed to be the highest earners in CashFX Group.
Sadly quite than take any motion in opposition to Bruni and different CashFX Group promoters in Canada, all Canadian authorities have carried out up to now is subject warnings.
Along with Canadian authorities, Norway, the Bahamas and Panama have additionally issued CashFX Group securities fraud warnings.