The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Temporary Cease Trade Order against a non-registered foreign company Fluid FX Inc., who is using their website to facilitate trading of securities and derivatives.
The order which has been extended to April 25, 2018 may be further extended as necessary.
Fluid FX Inc. purports to be an offshore commodities and FOREX trading firm with its head office in Tokyo, Japan, however press releases issued by the company claim the head office to be in New York City, USA. Fluid FX also appears to be using the names Fluid FX, Fluid FX International Inc., and Fluid FX Offshore LLC. The firm uses the website www.fluidfxint.com.
Neither Fluid FX Inc., nor any of the other named companies are registered to trade in securities or derivatives in Saskatchewan.
Persons or companies need to be registered in order to sell securities or derivatives in Saskatchewan.
Representatives of the company contacted Saskatchewan residents despite being unregistered to do business in the province and engaged in trading, acquiring for and advising in securities and derivatives.
Investors can check the registration status of any person or company selling investments by using the Canadian Securities Administrators’ National Registration Search database at www.aretheyregistered.ca.
Anyone contacted by Fluid FX. or any of their representatives should contact the FCAA Securities Division at 306-787-5936.