Zamansky LLC Investigates Alleged Losses By U.S. Investors In Canadian Stocks
New York, New York (PRWEB) July 21, 2013 -- Zamansky LLC announces that it is investigating allegations of losses by United States’ losses in Canadian stocks. Recent warnings and news releases have been issued by Canadian securities regulators, as follows:
On July 18, 2013, the British Columbia Securities Commission (“BCSC”) issued a warning the public to be aware of Hines Aircraft Ltd., a British Virgin Islands company that claims to be developing aircraft propulsion technology. The BCSC stated in its warning that investors should be aware that Hines was selling “fractional ownership units” in aircraft, but that it did not own any aircraft.
On June 16, 2013, the BCSC announced that it issued a http:// notice of hearing alleging that a mutual fund salesperson perpetrated a fraud when he sold 484 clients $65 million of private funds that are virtually worthless, leaving many of the investors financially destitute.
On July 11, 2013, the Ontario Securities Commission issued an Investor Warning on Nexacon Energy Inc., a Canadian incorporated company, that is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.
According to investment fraud attorney Jake Zamansky, “there have been many notable frauds in Canadian companies trading on the Toronto and Vancouver Stock Exchanges.” “The Bre-X Minerals fraud in which approximately $6 billion in market cap was lost when its gold deposits were revealed to be false is, perhaps, the most notable,” Zamansky states. Any United States investor who purchased the stock of a Canadian company who believes that he or she may be the victim of a fraudulent scheme should seek review from a professional.
What Investors Can Do
If you believe that you have been the victim of a fraud involving a Canadian stock, or wish review of your purchase, and would like to discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading stock law firm specializing in securities class actions, securities arbitration, and litigation over stock broker fraud. We are securities fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.
Contacts
Zamansky LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414
jake(at)zamansky(dot)com
Jacob Zamansky, Zamansky & Associates LLC, 212 742-1414, [email protected]
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