Be Wary of Genius Funds’ Promises Investors, be warned. There is a company making high yield promises that has caught the eye of several securities commissions. Genius Funds is a company that is actively promoting unusually high returns – as much as 1.9 per cent daily and 9 per cent weekly – on its website, social media sites and online advertising. ASC and the British Columbia Securities Commission have issued temporary cease trade orders against Genius Funds, based on allegations that the company has breached securities laws in these provinces. As well, the New Brunswick Securities Commission and the Manitoba Securities Commission have issued warnings to investors about the company. This latest ASC order against Genius Funds is something Alberta investors should take a look at because the company’s promotions raise a red flag when it comes to investing. Promises of high returns come with high risk. Here are some additional questions to ask yourself: - Do you understand how the investment works?
- What does an independent financial advisor think about the opportunity? Have you asked?
- Is the company registered to sell securities in Alberta?
- Does this high risk opportunity fit with your risk tolerance level?
- How much are you prepared to lose?
If you have seen or heard of Genius Funds engaging in investor activities in Alberta, please call the ASC at (403) 355-4151, toll-free: (877) 355-4488 or email inquiries@asc.ca. They are not registered to engage in the business of dealing in securities in Alberta. Comment on this blog... | About this Blog We’ve created this blog to present you with answers to some of the more popular questions we receive from investors. We'll have different subject matter experts blogging about what they know best and we'll update it as new blogs arise. We hope you'll find it interesting and helpful. Today's Blogger Hi, I’m Tamera Van Brunt and I’ve been the ASC Director of Communication and Investor Education for three years now. My previous experience as a broadcast journalist has helped me know the importance of providing people with information that matters to them. I hope you will find our investor education resources helpful and please, share them with friends and family so they too can have the information. Here are some links I think you’ll find helpful:
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