Investor Alert for LeadingPips

The Nova Scotia Securities Commission is alerting investors that LeadingPips is not registered to sell securities in Nova Scotia.

LeadingPips claims to be an online trading platform specializing in the trading of forex, binary options, crypto assets and other financial instruments. LeadingPips is soliciting investments through its website: leadingpips.com. It claims to be based out of Nova Scotia and to be licensed and regulated, but LeadingPips is not registered to sell securities in Nova Scotia.

The commission urges Nova Scotians to exercise extreme caution when dealing with anyone that is not registered in Nova Scotia. If you have had contact with LeadingPips, please contact the commission. Nova Scotians can contact the commission to report scams or what is believed to be suspicious behavior from anyone offering investment opportunities.

Quotes:

“LeadingPips’ website raises a number of red flags characteristic of investment scams. LeadingPips claims its accounts are guaranteed and profits will be quickly realized with no risk. These claims carry the hallmarks of investment fraud. Remember if something seems too good to be true, it probably is.”

– Stephanie Atkinson, acting director of enforcement, Nova Scotia Securities Commission

Quick Facts:

• it is illegal to solicit investments in Nova Scotia without registering with the commission and complying with Nova Scotia securities laws

Additional Resources:

To file a complaint or report a scam to the Nova Scotia Securities Commission: https://nssc.novascotia.ca/recognize-and-report-scam

To see if a company or person is registered, visit: https://www.securities-administrators.ca/nrs/nrsearchprep.aspx