The Financial and Consumer Affairs Authority of Saskatchewan is warning investors of the online entity Finotraze.

The company claims to offer trading opportunities to Saskatchewan residents, including cryptocurrencies and cryptocurrency futures contracts.

The FCAA warns that Finotraze is not registered to trade or sell securities or derivatives in Saskatchewan. Despite not being registered with the FCAA, Finotrade falsely claims otherwise.

Saskatchewan residents looking to invest should always check the company’s registration status at aretheyregistered.ca. Anyone who has invested with Finotraze is asked to contact the FCAA’s security division.