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Temporary Cease Trade Order Issued Against Risk Capital International

Released on December 5, 2013

Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued a Temporary Cease Trade Order on December 3, 2013, against Risk Capital International, Risk CapitalFX International, Magnus Carlson and Matthew Cannon.

FCAA has information that representatives of Risk Capital are contacting Saskatchewan residents to trade in futures contracts in fuel.  Neither Risk Capital, nor its named representatives are registered to trade or give advice 
about securities in Saskatchewan.

"Risk Capital appears to be operating illegally in Saskatchewan and we are working with authorities in other jurisdictions to help deal with this activity,"  FCAA Securities Division Deputy Director Ed Rodonets said.  "Investors should not deal with cease traded companies."
 
The Cease Trade Order directs Risk Capital and its representatives to cease trading and advising in securities and exchange contracts.  The order – which expires on December 18, 2013, but may be extended – also removes their ability to use any exemptions in Saskatchewan.

The company operates two websites: www.riskcapitalfx.com and www.riskcapitalint.com where it claims that Risk Capital is an offshore derivatives broker that deals in the purchases and sales of options and futures contracts.  They go on to claim that they are based in Tokyo, Japan with an offshore division in San Jose, Costa Rica.

On October 3, 2013, the Ontario Securities Commission issued a warning to investors stating that Risk Capital International is not registered to engage in the business of trading or advising anyone about investing in, buying, or selling securities.

Being an informed investor is one of the best defences against investment fraud.  Before investing follow these simple steps: check registration and disciplinary history on www.securities-adminstrators.ca, check the news, search the internet and contact the Securities Division of FCAA.

Anyone contacted by Risk Capital, or any representative of any of the named companies, should contact FCAA’s Securities Division at 306-787-5645.

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For more information, contact:

Daniela Machuca
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Email: daniela.machuca@gov.sk.ca

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