Commodity Futures are exchange traded, legal contracts that are regulated, in Alberta, by the ASC. Trading in commodities is a high risk activity that is mostly done by hedgers and speculators. Commodity contracts are not suitable for the unsophisticated investor.
The ASC has, over the last year, seen a number of foreign commodity firms advertise and solicit investments from Alberta residents. These firms have solicited clients through 1-800 numbers presented in television and radio advertisements. These firms will often offer courses on how to trade in the commodity markets.
In order to conduct business in Alberta, commodity brokers must be registered with the ASC. Investors should be aware of this requirement and also realize that investing in commodity futures is fraught with risk.
Click here to learn more about how to conduct a background check.