Ontario authorities are warning about coronavirus-related scams in the province.
The Ontario Securities Commission (OSC) and the Royal Canadian Mounted Police – Integrated Market Enforcement Team have received reports about companies approaching Ontario investors with claims to have products or services that will prevent, detect or cure Covid-19, the OSC stated in a release on Thursday.
“At this time, there is still no vaccine or any natural health product that is authorized to treat or protect against Covid-19,” the release said.
It also said investors should exercise caution if they’re approached with aggressive stock promotions, which may make false claims of large profits and baseless stock price projections.
The regulator and the RCMP encouraged anyone considering buying or selling an investment to first do research or talk to their registered advisor.