Ontario securities regulator warns against investment firm NextPayMoney

The Ontario Securities Commission (OSC) has just added one more company to its Warning List, which contains the names of businesses that are not authorized to offer investment services to Ontario residents but nevertheless do so.

The latest addition to the list is NextPayMoney.com, a company that presents itself as “an investment platform and subsidiary of INVESTA MANAGEMENT CO CIK#: 0000915968 located at Robert Boyer Lane, Bracebridge, Ontario, P1L 1S1, Canada.”

nextpaymoney.comThe company offers its clients to invest in Forex, commodities, and bonds, and pledges artificially high returns.

The OSC warns that NextPayMoney.com doing business as www.nextpaymoney.com is not registered in Ontario, Canada to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.

To view the official text of the warning, click here.

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