Ontario investors warned of advance fee scheme |
Date: Tuesday, June 29, 2010
Author: Investment Executive
The Ontario Securities Commission is warning investors
not to send money to Prudence Trust Management or Goldstein Asset
Protection. Representatives of these entities may be soliciting
residents of Ontario in an advance fee scheme, said Monday.
The
representatives are contacting investors who hold certain securities and
offering to sell the securities for the investors at a substantial
premium. Investors are being told that there is a selling restriction on
the securities and that they will have to send an advance fee payment
to Prudence or Goldstein before their securities can be sold.
Both
Prudence and Goldstein are purportedly located in Toronto, but the
address given by the firms does not exist. Neither Prudence nore
Goldstein are registered with the OSC.
The two firms have been
posted on the OSC's
Investor Warning list.
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