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Investor Alert – Spoofing attempt by PetroChina International Company

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The Financial and Consumer Services Commission is warning consumers to be aware of an apparent “spoofing” attempt by a company named PetroChina International Company Ltd. claiming to represent PetroChina International (Canada) Trading Ltd.

“Spoofing” is when scammers set up a fraudulent website to obtain information from victims. They appear to be using this website to contact New Brunswickers and solicit an investment relating to crude oil exports.

While there is a legitimate company with a similar name as the spoofing entity, it does not conduct operations or solicit investments relating to crude oil exports. The spoofers have no connection to the legitimate company.

Anyone who has been approached to invest in PetroChina International Company Ltd. is asked to contact the commission toll free at 1-866-933-2222, or through the commission website.

Investors are also encouraged to contact the commission if they have any concerns about unsolicited investment opportunities or about the legitimacy of an investment opportunity. Being an informed investor is the best defence against investment fraud. New Brunswickers are encouraged to become informed investors by using the commission’s free online resources.

The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown corporation funded by the regulatory fees and assessments paid by the regulated sectors.

 

“Spoofing” is when scammers set up a fraudulent website to obtain information from victims. They appear to be using this website to contact New Brunswickers and solicit an investment relating to crude oil exports.

While there is a legitimate company with a similar name as the spoofing entity, it does not conduct operations or solicit investments relating to crude oil exports. The spoofers have no connection to the legitimate company.

Anyone who has been approached to invest in PetroChina International Company Ltd. is asked to contact the commission toll free at 1-866-933-2222, or through the commission website.

Investors are also encouraged to contact the commission if they have any concerns about unsolicited investment opportunities or about the legitimacy of an investment opportunity. Being an informed investor is the best defence against investment fraud. New Brunswickers are encouraged to become informed investors by using the commission’s free online resources.

The Financial and Consumer Services Commission has the mandate to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. It is responsible for the administration and enforcement of Provincial legislation that regulates the following sectors:  securities, insurance, pensions, credit unions, caisses populaires, trust and loan companies, co-operatives, and a wide range of other consumer legislation. It is an independent Crown corporation funded by the regulatory fees and assessments paid by the regulated sectors.

 

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