The Canadian Securities Administrators (CSA) and the Ontario Securities Commission (OSC) have issued a warning to investors regarding Nova Tech Ltd (NovaTech), which operates the website www.novatechfx.com. The warning states that the company is not registered to sell securities in Canada and that investors should be cautious when dealing with the firm.
NovaTech is a nationwide Managed Office provider and core portfolio company of Trivest Partners, a leading founder-friendly private equity firm. The company offers forex trading services through its website, which allows investors to trade in a range of currencies.
The warning from the CSA and OSC comes after a number of investors reported losses from investing in NovaTech. The regulators have urged investors to do their due diligence before investing in any company, particularly those that operate online.