AMF urges utmost caution with regard to Scorpion Performance Inc.
Wednesday, February 20, 2013
Montréal – The Autorité des marchés financiers (the "AMF") cautions the investors with regard to the activities of Scorpion Performance Inc., headquartered in Florida, USA.
This company solicits investors by telephone to buy shares in Scorpion, which is not registered with the AMF. In the past few years, investors in Québec, Manitoba, British Columbia and Saskatchewan have been solicited to invest in the company.
The individuals contacted in Québec and elsewhere in Canada say they were solicited to invest in a company that was planning to go public and trade under the name of Scorpion. The company sold automotive parts and was due to sign major contracts with automobile manufacturers, such as GM and Ford.
In recent years, France, Belgium and Sweden have also issued investor alerts concerning Scorpion Performance Inc.
The Autorité des marchés financiers (the “AMF”) is the regulatory and oversight body for Québec’s financial sector.