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Do Not Do Business with Coperstone and Coperstone Partners

Released on June 19, 2018

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Temporary Cease Trade Order against Coperstone Limited and Coperstone Partners Limited, which appear to be operating an unregistered online securities and derivatives trading platform.

“If a company or person appears to be in the business of selling securities or derivatives in Saskatchewan, they must be registered,” FCAA Deputy Director of Enforcement Ed Rodonets said.  “An investor should always check to see if these companies or people are registered at www.aretheyregistered.ca before they invest.  If they are not, it may be a scam and investors should not send any information or money.”

A Saskatchewan resident opened an account on www.coperstone.com, and also provided Coperstone with a copy of his driver’s license and a credit card statement.  The resident was then contacted by a representative of Coperstone who sold and advised him on securities or derivatives.

Coperstone Limited and Coperstone Partners Limited are not registered to trade in or advise on securities or derivatives in Saskatchewan.

Anyone contacted by Coperstone 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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