September 26, 2018 Securities Investor warnings - News

Montréal – The Autorité des marchés financiers (the “AMF”) cautions Québec investors about solicitations made by Hollis Kookmin Financial. This business, which claims to have an office in Montréal and is not registered with the AMF, is not authorized to act as a securities adviser or dealer in Québec.

According to the information collected by the AMF, Hollis Kookmin Financial allegedly approached investors and offered, in a persistent manner, to make investments on their behalf that would generate substantial returns. Such practices are similar to those typically used in boiler-room sales tactics. The AMF is concerned that consumers who decided to invest with this business may lose their entire investment.

Have you been contacted by Hollis Kookmin Financial?

If you have been contacted by individuals who said they worked for Hollis Kookmin Financial, or if you have invested funds through this business, please contact our Information Centre. The information you provide could help us better protect consumers.

Offering investments—whether over the Internet, by telephone or in person—is a regulated activity. Any individual or business promoting an investment product must be registered with the AMF or be exempt from the registration requirement. To make sure you don’t become a victim, check whether the individual or business that contacted you is on the Register of firms and individuals authorized to practise.

Visit the AMF website to learn about other ways to avoid fraud.

The Autorité des marchés financiers is the regulatory and oversight body for Québec’s financial sector.

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Information:

Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
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