The Financial and Consumer Affairs Authority of Saskatchewan is warning investors of an online entity called Maple Bit, as it is not registered to trade or sell securities or derivatives in the province.

Maple Bit claims to offer residents trading opportunities such as cryptocurrencies, stocks, forex, exchange-traded funds (ETFs), commodities, indices and contracts for difference.

The FCAA warns the public not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses.

You can check if an entity is registered with The Canadian Securities Administrators’ National Registration Search at aretheyregistered.ca.