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News Release


Ontario
Securities
Commission


Floor 22 - 20 Queen Street West
Toronto, Ontario
M5H 3S8
Commission des
valeurs mobilières
de l'Ontario
FOR IMMEDIATE RELEASE

June 18, 2019
 

OSC Investor Alert: FSM Smart Ltd.

 

TORONTO - The Ontario Securities Commission (OSC) is warning investors that FSM Smart Ltd. (FSM) is not registered in Ontario to solicit investments, provide brokerage services or offer advice on investing in, buying, or selling securities or commodities.

FSM maintains the website fsmsmarts.com, where it claims to operate an online trading platform and brokerage services for trading in commodities, precious metals, shares and indices, and foreign exchange.

The Manitoba Securities Commission and Autorité Des Marchés Financiers have issued investor warnings about FSM.

FSM is actively soliciting Ontarians via telephone and through the Facebook page FSMSmart.Ontarians who have been approached by FSM or its representatives are advised to contact the OSC Inquiries and Contact Centre at 1-877-785-1555 or inquiries@osc.gov.on.ca.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair and efficient capital markets and confidence in the capital markets, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at www.osc.gov.on.ca

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For Media Inquiries: media_inquiries@osc.gov.on.ca
For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)
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