Investors should report suspicious calls to regulators immediately
TORONTO, July 27 /CNW/ - Saxon Financial Inc. today expresses its thanks and support to regulators who are warning the public about unauthorized entities using Saxon's name to provide trading and investment services.
Three provinces - Ontario, New Brunswick and Saskatchewan - have issued cease-trade orders against two companies, "Saxon Financial Services" and "Saxon Consultants, Ltd." These companies have no affiliation with Saxon Financial Inc. Saxon Financial has been in contact with each of these regulators, reporting complaints and requesting assistance since early in the year.
"The Saxon brand is both highly respected and highly credible," said Allan Smith, President and CEO of Saxon Financial Inc. "We are deeply concerned about these alleged activities by other companies, and are encouraged that regulators are taking strong measures to protect investors."
Saxon Financial Inc. does not make unsolicited calls to the public. Individuals who receive suspicious calls about investments should report them immediately to the appropriate regulator in their jurisdiction.
About Saxon Financial Inc. (www.saxonfinancial.ca)
Saxon Financial Inc. is one of Canada's most respected value style investment management firms. The Company has three principal lines of business: Saxon Funds Management Limited, which manages a family of high-performing, low-fee mutual funds; Howson Tattersall Investment Counsel Limited, an institutional asset management business; and Howson Tattersall Private Asset Management Inc., a private client asset management business.