AMF Cautions Quebeckers Against Solicitations by BlackFox Capital and Daniel Wuthrich
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 08/24/11 -- The Autorite des marches financiers (the "AMF") is cautioning investors against solicitations carried out by BlackFox Capital and its representative, Daniel Wuthrich.
Daniel Wuthrich and BlackFox Capital are not registered with the AMF as derivatives dealers or in any other capacity. Such solicitations and the nature of the products being proposed by them may be violations under laws administered by the AMF.
Daniel Wuthrich of BlackFox Capital, a company based in New York, first contacted at least one Quebec investor by telephone in recent weeks and spoke to him in French. Daniel Wuthrich apparently proposed investments on the currency market and offered a return of 12% per month for an investment of $50,000.
Daniel Wuthrich then apparently sent an e-mail to the investor informing him of various investment opportunities on the currency and precious metals markets that could be part of an overall investment strategy in his portfolio. Mr. Wuthrich also suggested that the investor become familiar with the currency market through a website that provides daily newsletters.
Advice for investors
In these times of market turbulence, the AMF reminds investors of the importance of being vigilant as wrongdoers prey on investor fear and nervousness to tout the merits of dubious investments. They approach investors with promises of high returns on investments so they can sidestep market downturns. Whether the markets are up or down, the AMF offers the following tips:
The AMF also reminds consumers about the importance of investigating before investing. Investors should ensure that the companies and individuals that offer to act as intermediaries hold the necessary approvals from the AMF by checking the Register of firms and individuals authorized to practice on the AMF's website or by calling the AMF Information Centre.
The Autorite des marches financiers (the "AMF") is the regulatory and oversight body for Quebec's financial industry.
Contacts:
Media only:
Sylvain Theberge
514-940-2176
Information Centre:
Quebec City: 418-525-0337
Montreal: 514-395-0337
Toll-free: 1-877-525-0337
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2011 - 14:44 Uhr
Sprache: Deutsch
News-ID 58868
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Associations
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"AMF Cautions Quebeckers Against Solicitations by BlackFox Capital and Daniel Wuthrich"
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