Canadian Investor Protection Fund

Moomoo Canada Obtains TSX and TSX Venture Exchange Membership

Retrieved on: 
Monday, March 4, 2024

TORONTO, March 4, 2024 /PRNewswire/ -- Moomoo Financial Canada Inc. ("Moomoo Canada", [1]), a leading one-stop digitalized stock trading platform, is proud to announce its acceptance as a Toronto Stock Exchange (TSX) and TSX Venture Exchange non-trading member, effective March 29, 2024.

Key Points: 
  • TORONTO, March 4, 2024 /PRNewswire/ -- Moomoo Financial Canada Inc. ("Moomoo Canada", [1]), a leading one-stop digitalized stock trading platform, is proud to announce its acceptance as a Toronto Stock Exchange (TSX) and TSX Venture Exchange non-trading member, effective March 29, 2024.
  • This new TSX and TSX Venture Exchange membership will  make great contributions to the over 50 licenses and qualifications earned by moomoo and its affiliates that are trusted by over 21 million global users in several major financial markets, including the U.S., Canada, Singapore, Australia, Japan, Malaysia, etc.
  • Steve Zeng, moomoo's Head of Global Strategy, expressed his enthusiasm for the new membership: "We are thrilled to become a non-trading member of the TSX and TSX Venture Exchange.
  • Only a few months after entering the Canadian market, the moomoo app became the top-3 most downloaded online brokerage app in Canada [2].

Moomoo's Parent Company Futu Holdings Announces US$338.5 M in Revenues and US$147.9 M Non-GAAP Net Income for Q3 2023

Retrieved on: 
Thursday, November 23, 2023

PALO ALTO, Calif., Nov. 23, 2023 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or the "Company"), a leading tech-driven online brokerage and wealth management platform reported unaudited Q3 2023 earnings with US$338.5 million in revenues, up 36.2% year-over-year ("yoy"), and US$147.9 million in non-GAAP net income, a 43.7% yoy increase.

Key Points: 
  • PALO ALTO, Calif., Nov. 23, 2023 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or the "Company"), a leading tech-driven online brokerage and wealth management platform reported unaudited Q3 2023 earnings with US$338.5 million in revenues, up 36.2% year-over-year ("yoy"), and US$147.9 million in non-GAAP net income, a 43.7% yoy increase.
  • In August, Standard & Poor's ("S&P") reaffirmed Futu's long-term issuer credit rating "BBB-", endorsing the firm's strong capital structure and effective risk management.
  • Moomoo, a leading global financial service brand of Futu, operates across the US, Singapore, Australia, Japan, Canada and beyond.
  • During the third quarter, moomoo launched US stock trading services in Japan and Canada, marking a major step in its global expansion journey.

Investor Alert: VenDigital Platform (formerly IB Platform)

Retrieved on: 
Tuesday, October 31, 2023

We are issuing this alert further to a scam we were warning about in May (see Investor Alert: IB Pl atform, May 8, 2023) and again in August (see Investor Alert: IB Platform is not affiliated with CMC Markets, August 29, 2023 ).

Key Points: 
  • We are issuing this alert further to a scam we were warning about in May (see Investor Alert: IB Pl atform, May 8, 2023) and again in August (see Investor Alert: IB Platform is not affiliated with CMC Markets, August 29, 2023 ).
  • In communications with investors, VenDigital Platform is implying to be a trading platform regulated by the former Investment Industry Regulatory Organization of Canada (IIROC), and the former Mutual Fund Dealers Association of Canada (MFDA).
  • VenDigital Platform also implies that it is a member of the Canadian Investor Protection Fund (CIPF), by presenting information to investors with regulatory logos and generating fraudulent versions of IIROC's Advisor Report.
  • VenDigital Platform is not a member of CIRO, nor was it a member of the former IIROC or the MFDA.

Moomoo Canada Is Bringing Pro-Level Tools, Data, And Affordable Stock Trading to Canadian Investors

Retrieved on: 
Tuesday, September 26, 2023

TORONTO, Sept. 26, 2023 /PRNewswire/ -- From September 21st, Moomoo Financial Canada Inc. ("moomoo CA", [1]) allows Canadian investors to trade US stocks using moomoo, a global stock trading platform that was officially introduced to Canada in August.

Key Points: 
  • TORONTO, Sept. 26, 2023 /PRNewswire/ -- From September 21st, Moomoo Financial Canada Inc. ("moomoo CA", [1]) allows Canadian investors to trade US stocks using moomoo, a global stock trading platform that was officially introduced to Canada in August.
  • "As a global investment and trading platform at the forefront of US stock trading, we are thrilled to introduce our new US stock trading feature to Canadian investors," said Steve Zeng, moomoo's Head of Global Strategy.
  • Moomoo empowers investors with affordable trading fees, charging a minimum of $1.99 per order, making it a highly competitive option for Canadian individual investors [2].
  • Several days before moomoo CA's launch of stock trading, its sister company Moomoo Japan also launched their US stock trading functionality.

Investor Alert: Sigma Invest

Retrieved on: 
Thursday, August 24, 2023

Sigma Invest is not regulated by IIROC or CIRO.

Key Points: 
  • Sigma Invest is not regulated by IIROC or CIRO.
  • We previously warned investors about Sigma Invest Options Inc. in September 2022 (see Investor Alert: Sigma Invest Options Inc., September 29, 2022 ).
  • Investors should know that crypto-asset trading platforms are not the same as regulated marketplaces and may be missing key investor protections.
  • Investors should confirm if investment firms are registered with CIRO and members of the Canadian Investor Protection Fund (CIPF) before investing.

SEC, NASAA, and Wisconsin DFI to host Investor Roundtable in Madison, Wisconsin on July 25

Retrieved on: 
Friday, July 21, 2023

The afternoon session of the roundtable will be webcast on the SEC website.

Key Points: 
  • The afternoon session of the roundtable will be webcast on the SEC website.
  • SEC Chair Gary Gensler will provide virtual opening remarks, and SEC Commissioner Mark Uyeda will attend in-person.
  • I look forward to welcoming our SEC colleagues, and further strengthening investor advocacy in Wisconsin,” said Leslie Van Buskirk , Wisconsin Department of Financial Institutions Securities Division Administrator and Vice Chair of the SEC’s Investor Advisory Committee .
  • Location:          Wisconsin Department of Financial Institutions Headquarters, Hill Farms State Office Building - 4822 Madison Yards Way, Madison, WI 53705

Investor Alert: IB Platform

Retrieved on: 
Monday, May 8, 2023

TORONTO, May 8, 2023 /CNW/ - New Self-Regulatory Organization of Canada (New SRO) is warning Canadian investors not to be fooled by IB Platform a.k.a.

Key Points: 
  • TORONTO, May 8, 2023 /CNW/ - New Self-Regulatory Organization of Canada (New SRO) is warning Canadian investors not to be fooled by IB Platform a.k.a.
  • In social media advertisements, IB Platform or IBANK Platform is implying they are regulated by the former Investment Industry Regulatory Organization of Canada (IIROC), the former Mutual Fund Dealers Association of Canada (MFDA), and a member of the Canadian Investor Protection Fund (CIPF), by presenting information to investors with regulatory logos and generating fraudulent versions of IIROC's Advisor Report, which are only issued for individual advisors.
  • Neither IB Platform nor IBANK Platform is a member of New Self-Regulatory Organization of Canada and was never registered with IIROC or the MFDA to sell any investment products.
  • Investors should know that unregulated trading platforms are different from regulated marketplaces and may be missing key investor protections.

Investor Alert: Safe Holdings

Retrieved on: 
Thursday, April 27, 2023

The company falsely implies they are regulated by the former Investment Industry Regulatory Organization of Canada (IIROC) and are members of  the Canadian Investor Protection Fund.

Key Points: 
  • The company falsely implies they are regulated by the former Investment Industry Regulatory Organization of Canada (IIROC) and are members of  the Canadian Investor Protection Fund.
  • Safe Holdings is not a member of New SRO and was never registered with IIROC to sell forex or crypto assets, or any other investment products.
  • Investors should know that unregulated crypto-asset trading platforms are different from regulated marketplaces and may be missing key investor protections.
  • Registered investment firms are regulated, and individuals must meet our high standards and deal fairly, honestly and in good faith with Canadian investors.

Canadian securities regulators publish annual activities report on the oversight of SROs and investor protection funds

Retrieved on: 
Thursday, April 20, 2023

TORONTO, April 20, 2023 /CNW/ - The Canadian Securities Administrators (CSA) today published CSA Staff Notice 25-310 2022 Annual Activities Report on the Oversight of Self-Regulatory Organizations (SROs) and Investor Protection Funds (IPFs) that summarizes key information, activities and observations related to CSA oversight of the former SROs and IPFs during the 2022 calendar year.

Key Points: 
  • TORONTO, April 20, 2023 /CNW/ - The Canadian Securities Administrators (CSA) today published CSA Staff Notice 25-310 2022 Annual Activities Report on the Oversight of Self-Regulatory Organizations (SROs) and Investor Protection Funds (IPFs) that summarizes key information, activities and observations related to CSA oversight of the former SROs and IPFs during the 2022 calendar year.
  • And the former IPFs – the Canadian Investor Protection Fund and the MFDA Investor Protection Corporation – merged to form the new Canadian Investor Protection Fund.
  • The next annual report will detail CSA oversight of the two new entities.
  • The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Investor Alert: Sohocapitalgroup

Retrieved on: 
Thursday, March 16, 2023

TORONTO, March 16, 2023 /CNW/ - New Self-Regulatory Organization of Canada (New SRO) is warning Canadian investors not to be fooled by Sohocapitalgroup.

Key Points: 
  • TORONTO, March 16, 2023 /CNW/ - New Self-Regulatory Organization of Canada (New SRO) is warning Canadian investors not to be fooled by Sohocapitalgroup.
  • Sohocapitalgroup is not a member of New SRO and was never registered with IIROC to sell forex or crypto assets, or any other investment products.
  • Sohocapitalgroup accounts are not protected by CIPF.
  • Investors should know that unregulated crypto-asset trading platforms are different from regulated marketplaces and may be missing key investor protections.