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Saskatchewan FCAA warns of T. Rowe Price investment scam
['Meridian Source Staff', 'John Macneil', 'Dr Nancy H Furness', 'Donald Yeaton', 'Bob Mackie']
Meridian Source
The Financial and Consumer Affairs Authority of Saskatchewan is warning residents about an impersonation scam using the name T. Rowe Price Group USA, a fake website and a mobile application.
“Do not make investment decisions based on endorsements in online chat groups or social media,” FCAA Securities Division Executive Director Dean Murrison said.
Rowe Price Group USA,’ the T-AlphaX app, and audhioy.com to target Saskatchewan residents with fake stock and crypto investments.
This is the latest in a series of investment scam warnings issued by the province this year.
T. Rowe Price Group, Inc., a legitimate global investment management firm, is not the subject of this alert.