FCNB New Brunswick News & Alerts

Caution: MNCTN Global - Unregistered Securities Entity

The Financial and Consumer Services Commission of New Brunswick has issued an investor alert warning that MNCTN Global (mnctnglobal.com) is not registered to deal or advise in securities or derivatives in New Brunswick. The alert warns investors to avoid engaging with unregistered firms as there is no assurance of investor protections. Alternate URLs include MNCTNglobal.info. The company claims to be located in New South Wales, Australia.

Fraud Alert: Fake Carleton Credit Union Scam Targeting NB Investors

The Financial and Consumer Services Commission of New Brunswick has issued a fraud alert warning investors about scammers cold-calling people and directing them to three fake websites for a fictitious "Carleton Credit Union" allegedly based in Centreville, NB. The Commission confirms that no entity by that name is registered with it to deal or advise in securities or derivatives in New Brunswick. The fake websites use the address of Brunswick Credit Union, a legitimate registered credit union, to lend false credibility to the scheme. Anyone who suspects they may have been targeted should report it to the Commission.

Ramp-and-Dump Investment Scams Targeting New Brunswick Investors

The Canadian Securities Administrators (CSA) issued an investor alert warning about fraudulent 'ramp and dump' investment schemes targeting Canadians through social media platforms. The scams involve fraudsters coordinating on encrypted messaging platforms like WhatsApp, Discord, and Telegram to artificially inflate low-priced or thinly traded stocks, then selling their holdings for profit while leaving victims with significant losses. The alert details specific tactics including private WhatsApp groups, claims of inside information, impersonation of registered professionals, and high-pressure tactics to encourage quick investment decisions.