CSA Investor Warnings

Vancouver – The Canadian Securities Administrators (CSA) is warning the public about an entity falsely claiming to regulate derivatives in Canada.

The website of the so-called “Canadian Office of Derivative Trading” includes a number of fake claims, including that it regulates “the futures contract market in Vancouver” and that it oversees “all financial related activities of all business entities covered by this commission within British Columbia.”

There is no regulatory organization in Canada called the Canadian Office of Derivative Trading (CODT). In Canada, securities and derivatives trading is overseen by provincial and territorial securities regulators.

The CSA believes the website is being used by fraudsters to lend credibility to their investment scams. Prospective investors are referred to the website with promises that they can conduct checks on registration status and disciplinary history of the investment entities being promoted.

However, the search results are fake. When a prospective investor searches for the investment entity in question, the website indicates that the entity has no regulatory issues. That positive search result may encourage the investor to invest.

Investors should not use the CODT website to conduct due diligence checks and they should not rely on any of the information contained on the website.

The website makes a number of other false claims, including that the CODT:

  • “regulates investment schemes”
  • “supervises, and at all times regulates and inspects all financial-related institutions within its covered area of responsibility”
  • “develops financial regulations that directly applies to the administration of the Canada’s banking institutions, trust companies, insurance companies and investment business”

In addition, although the website uses the British Columbia provincial crest, it is not affiliated with any government or securities regulator in Canada.

CSA members are investigating who is behind the website and actively working to have it taken down.

Investors seeking to check the registration or disciplinary status of any individual or firm should visit the CSA’s website This link will open in a new window.

The CSA also encourages anyone who is considering buying or selling an investment to do research and talk to their registered investment advisor to ensure it is an appropriate decision.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co- ordinates and harmonizes regulation for the Canadian capital markets.

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For Investor inquiries, please refer to your respective securities regulator. You can contact them here.This link will open in a new window

For media inquiries, please refer to the list of provincial and territorial representatives below or contact us at media@acvm-csa.ca.

For more information:

CSA member name

Point of contact

Phone number

Autorité des marchés financiers

Sylvain Théberge

514-940-2176

Alberta Securities Commission

Hilary McMeekin

403-592-8186

British Columbia Securities Commission

Brian Kladko

604-899-6713

Financial and Consumer Affairs, Authority of Saskatchewan

Shannon McMillan

306-798-4160

Financial and Consumer Services Commission, New Brunswick

Sara Wilson

506-643-7045

Government of Prince Edward Island, Superintendent of Securities

Steve Dowling

902-368-4550

Manitoba Securities Commission

Jason (Jay) Booth

204-945-1660

Nova Scotia Securities Commission

David Harrison

902-424-8586

Nunavut Securities Office

Jeff Mason

867-975-6591

Office of the Superintendent of Securities, Newfoundland and Labrador

Renée Dyer

709-729-4909

Office of the Superintendent of Securities, Northwest Territories

Tom Hall

867-767-9305

Office of the Yukon, Superintendent of Securities

Rhonda Horte

867-667-5466

Ontario Securities Commission

Kristen Rose

416-593-2336