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Securities Act Changes Will Strengthen Regulation and Protect Whistleblowers


Securities Act Changes Will Strengthen Regulation and Protect Whistleblowers
Nova Scotia’s investors are gaining protection and benefits consistent with best practices across the country.
Amendments introduced today, April 6, will ensure consistency with other provinces and improve enforcement of securities laws.
“Industry and consumers benefit from effective and harmonized securities rules,” said Finance and Treasury Board Minister Labi Kousoulis. “These changes will help increase confidence on the part of investors and businesses who raise capital.”
The Nova Scotia Securities Commission will have greater compliance and enforcement abilities with new provisions under the Nova Scotia Securities Act. New statutory offences will be created for obstructing or interfering with hearings, investigations or inspections, and for aiding, abetting or counselling a person or company to breach provincial securities laws. ....

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Investor Alert for FXT Brokers


Investor Alert for FXT Brokers
March 2, 2021 - 9:33 AM
The Nova Scotia Securities Commission is alerting investors that FXT Brokers is not registered to trade in or advise on securities or derivatives in Nova Scotia.
FXT Brokers (www.fxtbrokers.com) claims to be an online trading platform and brokerage, specializing in contracts for difference, forex, Bitcoin and other cryptocurrencies, and complex financial products. It claims to be located in Zürich, Switzerland.
At least one Nova Scotia resident lost a large sum of money after investing with FXT Brokers. This investor learned of FXT Brokers through its website. After opening an account, the investor received statements showing enormous profits on his investment. The investor was then told that he had to pay additional substantial funds to have these earnings and his principal investment released. ....

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