Canada’s IIROC Warns Investors Against Celox.live

The Investment Industry Regulatory Organization of Canada (IIROC) announced that it is warning Canadian investors not to be fooled by Celox.live.

Celox.live falsely claims to be an IIROC-regulated online trading broker and uses IIROC's and its legitimate dealer members' information on forms and contracts to entice investors. The company is an offshore, unregulated entity.

​Certain crypto-assets have generated a lot of hype. All investors must be informed and ask themselves important questions before purchasing higher-risk investment products that do not trade on stock exchanges. Investors should know that crypto-asset trading platforms are not the same as regulated marketplaces and may be missing key investor protections.

The regulator urges Canadian investors to exercise caution when dealing with non IIROC-regulated firms. It advises investors to confirm if investment firms are registered with IIROC by visiting IIROC's website. Investors can also check the background, qualifications, and any disciplinary history of investment advisors registered with IIROC's free AdvisorReport.