Quebec investors warned against RBC copycat fraud

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May 31, 2021 – The Autorité des marchés financiers (AMF) is issuing a warning about fraudulent representations from a fake website made to look like it’s associated with a Big Six bank.

In a statement, the regulator warned Québec consumers that the website, RBCmarkets, and EX 64 (also operating under the name RBCmarkets), have no association whatsoever with RBC Royal Bank or its subsidiaries. Neither RBCmarkets nor EX 64 is registered with the AMF, it added.

“RBCmarkets purports to offer consumers the possibility of opening a brokerage account and trading financial products, including foreign currencies (FOREX), cryptocurrencies, stocks and derivatives,” the AMF said. reports. | READ MORE