The British Columbia Securities Commission has issued a warning about a Panama-based company advertising high-return, low-risk investments to B.C. investors.
The regulator added SeBond Capital Corp. to its investment caution list Monday. The BCSC notes that, in March the company, which is based in Panama City, Panama, advertised its offshore investment opportunities in B.C.; purporting to offer term deposits that provided an annual return of at least 36%.
The BCSC says that SeBond has not filed a prospectus with the securities commission, and it stresses that it cautions investors against investing in companies whose offerings are not qualified by a prospectus, or are not exempt from the prospectus requirements, “especially if the companies claim to offer unrealistically high investment returns.”