Saskatchewan’s Financial and Consumer Affairs Authority is urging residents to not do business with Coperstone Limited and Coperstone Partners Limited.
They say the company appears to be operating an unregistered online securities and derivatives trading platform.
The authority says if a company or person is in the business of selling securities or deriviatives in Saskatchewan, they must be registered.
They also urge investors to always check to see if companies or people are registered at www.aretheyregistered.ca before they invest.
If they are not, it may be a scam and investors should not send any information or money.
This comes after a Saskatchewan resident opened an account on coperstone’s website and provided the company a copy of his driver’s license and credit card statement.
The resident was then contacted by a representative of the company who sold and advised him on securities or derivatives.
Anyone contacted by Coperstone should call the FCAA Securities Division at 306-787-5936.