Investor Alert for GoldBachInvest

The Nova Scotia Securities Commission is alerting investors that GoldBachInvest, operating online at www.goldbachinvest.com, is not registered to engage in the business of trading in securities or derivatives in Nova Scotia.

GoldBachInvest claims to be the world’s most popular trading platform providing investors with access to stocks, indices, crypto, foreign exchange, commodities and other financial instruments. It also claims to be an award-winning broker registered and located in the Marshall Islands.

At least one Nova Scotia resident lost money after investing with GoldBachInvest. Requests for withdrawals and return of funds were ignored. After the investor ceased contact with GoldBachInvest, GoldBachInvest still managed to obtain more money from the investor’s bank account.

The commission urges Nova Scotians to exercise extreme caution when dealing with firms that are not registered in Nova Scotia. People can contact their local securities regulator to report investment scams or what they believe to be suspicious behaviour from anyone offering investment opportunities.

Quotes:

“Protect your financial well-being by taking the time to become informed. Investing in unregistered entities can be high-risk given they are not subject to the same investor protection requirements as those who are registered. When opening accounts with these entities, you are also generally required to provide intimate personal and financial details. Providing this type of information to fraudsters puts you at risk for further financial harm.”

– Stephanie Atkinson, Director of Enforcement, Nova Scotia Securities Commission

Quick Facts:

• it is illegal to solicit investments in Nova Scotia without registering with the commission and complying with Nova Scotia securities laws, unless an exemption applies

Additional Resources:

To file a complaint or report a scam to the Nova Scotia Securities Commission: https://nssc.novascotia.ca/recognize-and-report-scam

To see if a company or person is registered, check the Canadian Securities Administrators’ National Registration Search at: https://info.securities-administrators.ca/nrsmobile/nrssearch.aspx