REGINA — The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns Saskatchewan investors about Exodus Group, an online entity also known as Exodus Trading Group Limited and Exodus Group Academy.
Exodus Group claims to offer a Saskatchewan residents trading opportunities, including cryptocurrencies and forex.
Other businesses may have the same or similar names to "Exodus Group," "Exodus Trading Group Limited," and "Exodus Group Academy." This alert does not apply to any such businesses. It applies to the online entity using the websites "exodus group pro" and "exodus group io" (these URLs have been manually altered so as not to be interactive).
Exodus Group is not 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 Exodus Group 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.
"Before doing business, you can verify the registration status of any investment entity at aretheyregistered.ca," FCAA Securities Division Executive Director Dean Murrison said. "This will ensure who you work with is a reputable organization. Do not allow unverified entities remote access to your computers when they request it."
Tips to protect yourself:
- Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators' National Registration Search at aretheyregistered.ca.
- Know exactly what you are investing in. Make sure you understand how the investment, product, or service works.
- Get a second opinion and seek professional advice about the investment.
- Do not allow unknown or unverified individuals to remotely access your computer.
