Be an informed investor - Don't be fooled by
fraudsters
TORONTO, Aug. 1, 2024
/CNW/ - The Canadian Investment Regulatory Organization (CIRO) is
issuing a warning to Canadian investors regarding Wealth-PAL. This
entity is falsely claiming affiliations and regulatory endorsements
it does not possess.
In documents distributed to investors, Wealth-PAL falsely claims
being regulated by the Investment Industry Regulatory Organization
of Canada (IIROC) - a predecessor
of CIRO.
Investors should be aware that Wealth-PAL is not a member of
CIRO or IIROC, and is not authorized to use their logos or imply
any form of regulatory endorsement.
CIRO's Office of the Investor publishes information to help
investors keep their investments safe and avoid fraud.
Such information is available at Avoiding
Fraud and Protecting Your Investments.
Investors should also check the background, qualifications and
any disciplinary history of investment advisors and firms
registered with CIRO or the CSA by checking the free Advisor
Report for advisors registered with investment dealers, or the
CSA's National Registrant Search.
If you believe you have been a victim of this or a similar scam,
immediately contact your bank, local police, your provincial
securities commission, and the Canadian
Anti-Fraud Centre.
Please direct all other inquiries to our Complaints &
Inquiries team:
1-877-442-4322 (Canada/US),
800-5555-2323 (Outside Canada/US),
or by completing our Secure Contact Form.
About CIRO
Canadian Investment Regulatory Organization is the national
self-regulatory organization that oversees all investment dealers,
mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is
committed to the protection of investors, providing efficient and
consistent regulation, and building Canadians' trust in financial
regulation and the people managing their investments. For more
information, visit CIRO.ca.
SOURCE Canadian Investment Regulatory Organization (CIRO)