TORONTO, July 4, 2012 /CNW/ - The Ontario Securities Commission (OSC) is
warning Ontario investors not to invest with MI Capital Corporation (MI
Capital), its representatives or associated companies and their
representatives, including One Capital Corp. Limited (One Capital
Corp.). MI Capital claims to be located in Hong Kong and appears to be
soliciting residents of Ontario to invest in gold options.
MI Capital, One Capital Corp. and representatives of these companies are
not registered in Ontario to solicit investments from Ontario residents
or to provide advice on investing in, buying or selling securities.
If you have been approached to invest by representatives of MI Capital
or One Capital Corp., please call the OSC Contact Centre at
1-877-785-1555 for assistance.
MI Capital and One Capital Corp. also appear to be targeting investors
across Canada. The Manitoba Securities Commission and the British
Columbia Securities Commission have each issued investor alerts to warn
the public about MI Capital targeting residents in those provinces. The
New Brunswick Securities Commission has issued a permanent cease trade
order against MI Capital and One Capital Corp. And the Alberta
Securities Commission has issued a Notice of Hearing against the
companies. For more information, please visit the respective websites
of these securities commissions.
The mandate of the OSC is to provide protection to investors from
unfair, improper or fraudulent practices and to foster fair and
efficient capital markets and confidence in capital markets. Investors
are urged to check the registration of any person or company offering
an investment opportunity and to review the OSC's investor materials
available at www.osc.gov.on.ca.