New Brunswick’s Monetary and Client Companies Commissions has issued a securities fraud warning in opposition to CashFX Group.

As per a warning issued on February 1st, the FCNB state they

just lately grew to become conscious that Money Foreign exchange Group (CFX) might have been advertising and marketing and promoting their services to New Brunswickers.

CFX shouldn’t be registered to commerce in, or advise on, securities or derivatives in New Brunswick.

Corporations have to be registered in New Brunswick to commerce or advise in FOREX, in any other case they’re in breach of the province’s securities legal guidelines.

CashFX Group shouldn’t be registered to supply securities in any jurisdiction. The corporate operates illegally the world over.

Up to now 5 Canadian provinces have issued securities fraud warnings in opposition to CashFX Group; New Brunswick, British Columbia, Quebec, Saskatchewan and Manitoba.

For those who’re questioning why so many, it’s probably as a result of CashFX Group high promoter Luigi Bruni resides in Quebec.

Bruni, alongside together with his US associate in crime Justin Halladay, are believed to be the highest earners in CashFX Group.

Sadly reasonably than take any motion in opposition to Bruni and different CashFX Group promoters in Canada, all Canadian authorities have performed to this point is concern warnings.

Along with Canadian authorities, Norway, the Bahamas and Panama have additionally issued CashFX Group securities fraud warnings.