Investor Alert: Wealth-PAL

Be an informed investor - Don't be fooled by fraudsters

August 1, 2024 (Toronto, Ontario) – The Canadian Investment Regulatory Organization (CIRO) is issuing a warning to Canadian investors regarding Wealth-PAL. This entity is falsely claiming affiliations and regulatory endorsements it does not possess.

In documents distributed to investors, Wealth-PAL falsely claims being regulated by the Investment Industry Regulatory Organization of Canada (IIROC) - a predecessor of CIRO.

Investors should be aware that Wealth-PAL is not a member of CIRO or IIROC, and is not authorized to use their logos or imply any form of regulatory endorsement.

CIRO’s Office of the Investor publishes information to help investors keep their investments safe and avoid fraud. Such information is available at Avoiding Fraud and Protecting Your Investments.

Investors should also check the background, qualifications and any disciplinary history of investment advisors and firms registered with CIRO or the CSA by checking the free Advisor Report for advisors registered with investment dealers, or the CSA’s National Registrant Search.

If you believe you have been a victim of this or a similar scam, immediately contact your bank, local police, your provincial securities commission, and the Canadian Anti-Fraud Centre.

For media inquiries only: 
Joanna Nicholson 
Manager, Corporate Communications and Public Affairs
Canadian Investment Regulatory Organization
Telephone: 416-943-4640
Email: [email protected]

Please direct all other inquiries to our Complaints & Inquiries team: 
1-877-442-4322 (Canada/US), 
800-5555-2323 (Outside Canada/US), 
or by completing our Secure Contact Form.