Verified: Venturemaple operates https://venturemaple.com/ through a website.
On December 5, 2024, the Investment Industry Regulatory Organization of Canada (IIROC) issued a warning against Venturemaple for falsely claiming to be a member of CIRO and the Canadian Investor Protection Fund (CIPF).
Reviewed Venturemaple is an unregulated broker
Venturemaple appears to be relatively recent, with its domain registered in late October 2024. It's wise to stick with established large brokers, as newcomers to the industry are either untested or created in a hurry by fraudsters to solicit investors.
This is an increasingly common trend. We have reason to suspect that Venturemaple falls into the latter category. It shows licensing details and regulatory information from different jurisdictions to appear legitimate.
But our investigation into these claims suggests that Venturemaple either fabricates its regulatory status or copies information from legitimate financial firms. The warning from the Investment Industry Regulatory Organization of Canada (IIROC) also highlights these suspicions.
Essentially, Venturemaple is not regulated by any governing body. Funds entrusted to investors are high-risk, as there are no legal protections in place to protect them. Venturemaple appears to be a scam.
And most non-compliant brokers do not disclose providing their direct and authentic contact information, such as phone numbers or company addresses.
Note: Venturemaple is an unregulated broker, which means that clients' investments may not be adequately protected. The lack of regulatory authority to hold the company accountable increases the risk of potential financial losses.
If investing with an unregulated broker, there is a high chance that they will run away with your hard-earned money without any recourse. Therefore, investors must be extremely cautious and remind everyone to stay away from these unregulated ones as much as possible when choosing a broker
