Canada's IIROC Warns Investors Against Velocitytradefx.com
The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by the website velocitytradefx.com or by cold callers representing velocitytradefx.
Velocitytradefx.com is falsely representing itself to be the website for and using the logo belonging to Velocity Trade, the parent company of IIROC-registered firm Velocity Trade Capital, when in fact the genuine website is www.velocitytrade.com.
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Some fake websites look nearly identical to the trusted institution's website with the same logo, brand, and likeness; others copy legitimate websites but change the firm's name and contact details.
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.
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