Canadian securities regulator the British Columbia Securities Commission (BCSC) just announced that it has become aware of a suspicious entity, Sterling and Ross Advisory S.A. (Sterling and Ross), which purports to have an office in the Cayman Islands.
Sterling and Ross claims to specialize in forex and commodity trading solutions for retail investors around the world.
Sterling and Ross engaged with a British Columbia (BC) resident and instructed that investor to send money to a bank account in Costa Rica.
Sterling and Ross is not registered to trade in, or advise on, securities or exchange contracts in BC.
BCSC urged BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
The official warning can be seen here.