Government of Saskatchewan ministries, Crown corporations and organizations are implementing contingency plans to minimize the impacts of postal service disruption.
Les ministères, sociétés d’État et organismes du gouvernement de la Saskatchewan mettent en œuvre des plans d’urgence (en anglais) visant à réduire les répercussions de l’interruption du service des postes.
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Released on August 20, 2024
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors of the online entities Lova Crypto and CGWise.
"Before investing, make sure you verify that entities offering investment opportunities are registered to do business in Saskatchewan through the Canadian Securities Administrators' database at aretheyregistered.ca," FCAA Securities Division Executive Director Dean Murrison said. "Verify registration status so you do not lose your hard-earned money."
Lova Crypto and CGWise claim to offer Saskatchewan residents trading opportunities, including cryptocurrencies and forex.
Neither Lova Crypto nor CGWise is registered to trade or sell securities or derivatives in Saskatchewan. The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses.
If you have invested with Lova Crypto, CGWise or anyone claiming to be acting on their behalf, contact the FCAA's Securities Division at 306-787-5936.
In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives. The registration provisions of The Securities Act, 1988, and accompanying regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.
Tips to protect yourself:
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For more information, contact:
Lauren Caza
Financial and Consumer Affairs Authority
Regina
Phone: 306-787-5567
Email: lauren.caza@gov.sk.ca
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