Canada’s BCSC Adds Bristol Financial Offshore to its Warning List

The British Columbia Securities Commission (BCSC), one of the thirteen provincial financial regulators in Canada, has added investment firm Bristol Financial Offshore to its ever-growing Investment Caution List, according to a BCSC statement today.

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Solicited Services Without Permission

The BCSC became aware of Bristol Financial Offshore after finding that the firm had solicited a British Columbia (BC) resident.

Bristol Financial Offshore, operating as Bristol Financial and Bristol Offshore operates online under the url www.bristoloffshore.com, is based in New York and Luxembourg. The firm offers clients a range of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term-only and full-service accounts via a fully automated Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term system.

According to the BCSC’s statement, this firm is not registered to trade in, or advise on, securities or exchange contracts in BC and is one of many alerts issued by the watchdog which involve unauthorised soliciting or contact with retail investors in Canada by unlicensed brokers.

This latest warning follows last month’s addition of two further brokerages, Royal Downing Investments and FX-Inter, who unlawfully solicited their services in a similar manner, as reported by Finance Magnates.

BCSC Background

The BCSC is the independent provincial government agency responsible for regulating securities trading in British Columbia through the administration of the Securities Act. The regulator website provides information, tools and resources for investors, including investor warnings about individuals and companies that appear to be engaging in unauthorised activities.

In parallel to today’s warning against Bristol Financial Offshore, the BCSC has reminded BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.