Montréal - With global demand for energy on the rise, investment offerings in traditional or alternative energy resources are becoming increasingly numerous as well as attractive to investors and fraudsters alike.
In conjunction with the publication of investment advisories by several members of the North American Securities Administrators Association This link will open in a new window (NASAA), the Autorité des marchés financiers ("AMF") is urging Québec investors to be cautious.
The AMF has published a series of advisories to help Quebeckers better protect themselves against fraudulent techniques that can sometimes be associated with traditional, alternative or green energy investments. Many of these offerings can be risky and are therefore not appropriate for most investors. Moreover, it is not unusual for unscrupulous promoters to make use of the lure of current events or innovative technologies to take advantage of unsuspecting investors.
In a recent enforcement survey by NASAA, of which the AMF is a member, oil and gas investments are among the five products most commonly at the heart of securities enforcement cases. In this regard, the AMF recently posted on its website a series of advisories for consumers considering investing in mining companies.
Enviromondial is a high-profile case of investment fraud in the green energy sector.
The Autorité des marchés financiers the ("AMF") is the regulatory and oversight body for Québec's
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Sylvain Théberge : 514-940-2176
Québec City: 418-525-0337
Twitter: @lautorite This link will open in a new window