The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) says there is another impersonation scam circulating on social media claiming Prime Minister Mark Carney is endorsing the online investment platforms Invictus-FX and Union Trade.

In a news release FCAA Securities Division Executive Director Dean Murrison said, “Scammers can create fraudulent news articles that imitate the real media source. Before you consider investing with an entity, always check the registration status at aretheyregistered.ca and do not deal with any unregistered entities.”  In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives.

In addition, he says do not make investment decisions based on a public figure endorsement.  Invictus-FX claims to offer Saskatchewan residents trading opportunities including stocks, cryptocurrencies, forex, commodities, indices and bonds. Union Trade claims to offer Saskatchewan residents trading opportunities including stocks, cryptocurrencies, forex, commodities, indices and futures.

This alert applies to the online entities using the websites “my Invictus-fx com” and “uniontrade io” (these URLs have been manually altered so as not to be interactive).

Invictus-FX and Union Trade are not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan.