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Chad Tanner Targeting Saskatchewan Residents

Released on May 9, 2019

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued a Temporary Cease Trade Order on May 6, 2019, against a Saskatchewan individual identifying himself as Chad Tanner.  He may be targeting residents in Regina and seeking investment funds for the purpose of starting his own business.

The order directs Tanner to cease trading and advising with respect to securities in Saskatchewan.  It also removes his ability to use any exemptions in Saskatchewan.  The order expires on May 21, 2019, although it may be extended.

Tanner is not registered in Saskatchewan to trade or give advice about securities.

“People can often use promises of high returns or limited risk, but it’s important to remember if it sounds too good to be true it probably is,” FCAA Deputy Director of Enforcement Harvey White said.  “Make sure to always check to see if a person is registered to trade or give securities advice in Saskatchewan before handing over your money.”

You can check registration by using the Canadian Securities Administrators’ National Registration Search database at www.aretheyregistered.ca

Anyone contacted by Tanner should contact FCAA's Securities Division at 306-787-5645.

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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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