Tag: fcnb

Jul 20
Fraud alert – Beware of rental scams

The Financial and Consumer Services Commission (FCNB) is advising New Brunswickers – and particularly university students — to use caution when responding to online advertisements for housing rentals. Fraudsters are advertising properties they do not own for rent, often on online platforms, using information and photos from legitimate real estate listings. Posing as landlords, they […]

Jul 14
CSA announces establishment of new Investor Advisory Panel

Montréal – The Canadian Securities Administrators (CSA) is pleased to announce the establishment of the CSA Investor Advisory Panel (CSA IAP), and the appointment of its first members.  As announced in 2021, the CSA IAP will provide meaningful insight into retail investors’ interests and support the CSA’s policy development, strengthening Canada’s capital markets while enhancing […]

Jul 13
Credit union members will benefit from improved insurance coverage

The New Brunswick Credit Union Deposit Insurance Corporation (NBCUDIC) has extended its deposit protection coverage to include more savings products at insured credit unions. Effective July 1, 2022, members of New Brunswick credit unions insured with NBCUDIC will now receive insurance coverage for their Registered Disability Savings Plans (RDSPs), Registered Education Savings Plans (RESPs) and […]

Jul 12
FCNB Notice and Request for Comments – Proposal to repeal and replace Local Rule 11-501 Fees

Regulated Industries FCNB is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, mortgage brokers, pay day lenders, real estate and a wider range of other consumer legislation. We regulate 36,000 industry participants who make their living working with New Brunswickers’ money. These industry participants handle more […]

Jul 12
FCNB files to have New Brunswick real estate agency licence revoked

The Financial and Consumer Services Commission of New Brunswick (FCNB) has initiated an enforcement action, filing a statement of allegations with the Financial and Consumer Services Tribunal (the Tribunal) seeking to revoke the licence of a New Brunswick real estate agency. The statement of allegations filed with the Tribunal alleges that Century 21 A&T Countryside […]

Jul 12
Insurance Bulletin 2022-02 – Elimination of Best Terms Pricing Practice

The Superintendent of Insurance in New Brunswick is a member of the Canadian Council of Insurance Regulators (CCIR). CCIR is an inter-jurisdictional association of insurance regulators.  CCIR’s mandate is to facilitate and promote an efficient and effective insurance regulatory system in Canada and to develop solutions to common regulatory issues in Canada. In December 2020, […]

Jul 11
It’s not too late to complete our survey!

The Financial and Consumer Services Commission (FCNB) invites you to complete our stakeholder survey. We want to hear about your experiences, level of satisfaction and expectations of FCNB. We have engaged Thinkwell Research to conduct this survey on our behalf. Your answers will be kept confidential. Please complete this survey as an individual practicing in your regulated […]

Jul 08
Caution: Profiitrend

The Financial and Consumer Services Commission (FCNB) has become aware that Profiitrend, which claims to be an AI-based trading powerhouse for forex, cryptocurrency and robot trading, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. Profiitrend appears to be operating out of the United Kingdom.  […]

Jul 07
Caution: Bitex.com

The Financial and Consumer Services Commission (FCNB) has become aware that Bitex.com, which claims to provide online cryptocurrency trading services, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. Bitex.com appears to be operating out of India.  New Brunswickers are urged to exercise caution when […]

Jul 06
Caution: BBanc

The Financial and Consumer Services Commission (FCNB) has become aware that BBanc, which claims to provide online cryptocurrency, commodities, metal, stock and forex trading services, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. BBanc appears to be operating out of London, UK as well […]