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Is Jukebox Capital Inc regulated?
Ferdinand Feubodei
Malaysia
2023-08-09
ANSWER Jukebox Capital Inc is not a regulated broker.While Jukebox Capital Inc. claims to be registered in Canada and we did find corresponding records on the official website of the Government of Canada, it is critical to note that all firms and their registered representatives that are in the business of advising on or trading in securities in Canada must be members of Investment Industry Regulatory Organization of Cananda (IIROC).However, our search for this company in the IIROC register didn't yield any results, suggesting Jukebox Capital's provision of investment services is unsupervised. Additionally, the British Columbia Securities Commission (BCSC) has issued a warning against Jukebox Capital Inc., saying this broker is not registered to trade in, or advise on, securities or derivatives in BC.The unlicensed status of Jukebox Capital Inc, coupled with the BCSC's warning, raises a red flag for investors. Dealing with an unlicensed broker could pose risks to investors' funds and personal information, as there are no rules in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Jukebox Capital Inc and instead choose a fully regulated one.
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