Unlicensed Commodities and Futures Brokers

The Securities Section of the Office of the Attorney General is warning the public that it has become aware of unlicensed commodities and futures Florida-based companies which are soliciting investment funds in the Province of Prince Edward Island. They are both operating through Universal Financial Holding Group. These companies have been soliciting clients through telephone contact or fax with follow-up promotional material in promoting investment to prospective customers.

These Florida-based companies are not registered under the Securities Act in the Province of Prince Edward Island. Furthermore, no salesperson is registered to sell securities on behalf of the company in this province. The sale of securities in Prince Edward Island is governed by the Securities Act R.S.P.E.I. 1988, Cap. S-3 as amended.

The Securities Section of the Office of the Attorney General requests that anyone who has had contact with any of the above Florida-based commodities and futures brokers or who has information about such companies contact Mark Gallant, Registrar of Securities at 368-4552.