Fortune Investment Group
530 Avenue G
Boulder City, NV 89006
890 Kennedy Boulevard
North Bergen, NJ 07047
www.fortuneinvestmentgroup.net (link no longer operational)
Fortune Investment Group (FIG) purports to be a securities and commodities brokerage firm based in the United States and offers on-line trading accounts on its website. FIG’s website is virtually identical to that of High Profit Investment Ltd. (HPI), a company that was posted on our Investment Caution List in July of 2011.
FIG is not registered in British Columbia to trade in, or advise on, securities and exchange contracts. FIG is not registered, in any capacity, in any other Canadian province or in the United States.
On December 9, 2011, the Executive Director of the British Columbia Securities Commission (the BCSC) issued a Temporary Order and Notice of Hearing against FIG and HPI. The Temporary Order prohibits FIG, HPI and other parties (the Respondents) from trading in all securities and engaging in investor relations activities until a hearing is concluded. The hearing was held on December 22, 2011 and the BCSC issued final orders against the Respondents on the same terms as the Temporary Order.
We urge British Columbia residents to exercise extreme caution when dealing with firms that are not registered to trade or advise in British Columbia.