The Nova Scotia Securities Commission is alerting investors that Dennis Cockerill Jr. is not registered to sell securities in Nova Scotia.
Mr. Cockerill has solicited Nova Scotia residents by placing ads on Kijiji.ca to invest in a patented recycling product. He has advised an interested investor that a 200 per cent return on investment will be paid within 90 days, with the option to roll the investment into shares pre-initial public offering.
“Remember, if something seems too good to be true, it probably is,” said Stephanie Atkinson, senior enforcement counsel with the commission. “Always take the time to check registration and understand the risks and costs involved with your investments. Becoming an informed investor is the best way to protect your money.”
The commission urges people to exercise extreme caution when dealing with firms that are not registered in Nova Scotia. It is illegal to solicit investments in Nova Scotia without registering with the commission and complying with Nova Scotia securities laws. To see if a company or person is registered, you can check the Canadian Securities Administrators’ National Registration Search at http://www.aretheyregistered.ca .
If you have had contact with Dennis Cockerill Jr. please contact the commission. Nova Scotians can always contact the Commission to report any scams or what is believed to be suspicious behavior from anyone offering investment opportunities on our website http://nssc.novascotia.ca .
The Nova Scotia Securities Commission is the provincial government agency responsible for regulating the investment industry in the province.