ASC to investors: Stay away from Bristol Financial
CALGARY – August 3, 2016 – The Alberta Securities Commission (ASC) is warning Alberta investors to exercise caution if solicited by Bristol Financial (Offshore) LLC (Bristol), a purported investment firm with offices in New York, NY and Luxembourg, Belgium. To date, Alberta investors have reported investing more than $2,000,000 with Bristol and, after repeated requests, being unable to recoup their money.
The public should be aware that Bristol is not registered to sell securities or derivatives in Alberta, is not registered to do business in Alberta, and that its actions are not in compliance with Alberta securities laws.
There are several “red flags” common to illegal investment schemes present in Bristol’s promotions:……………………..