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A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

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ASBCFinancial And Walter Turner Told To Stop Trading Securities In Saskatchewan

Released on October 19, 2018

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Temporary Cease Trade Order against ASBCFinancial and Walter Turner, an Account Manager working for ASBCFinancial.  ASBCFinancial appears to be operating an illegal online trading platform located at https://www.asbcfinancial.com. 

ASBCFinancial and Walter Turner are not registered to trade in or advise on securities or derivatives in Saskatchewan.

A Saskatchewan resident opened an account with ABSCFinancial in December, 2017.  The resident was contacted by Walter Turner, a representative of ASBCFinancial.  Walter Turner provided advice to the Saskatchewan resident on investing in securities or derivatives.  The Saskatchewan resident invested significant sums of money through ASBCFinancial, but has not been able to recover any funds.

“Investors should be very cautious about sending investment funds to businesses or individuals who are not registered with the FCAA,” FCAA Acting Deputy Director of Enforcement Harvey White said.  “An investor should always check www.aretheyregistered.ca to determine if the company or individual is registered before sending any information or money.”

Anyone contacted by ASBCFinancial or Walter Turner should contact the FCAA Securities Division at 306-787-5936
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For more information, contact:

Shannon McMillan
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Email: shannon.mcmillan@gov.sk.ca

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