British Columbia Securities Commission warning about companies aggressively promoting COVID-19 cure

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The British Columbia Securities Commission is warning the public to “exercise extreme caution” in dealing with companies aggressively promoting products or initiatives to detect, cure or treat COVID-19.

The securities commission singled out Revive Therapeutics Ltd., which is currently promoting a potential cure to the virus in North America and Europe.

The pharmaceutical company is based in Ontario and listed on the Canadian Securities Exchange.

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“Germany’s Federal Financial Supervisory Authority has issued an investor alert about Revive, warning that buy recommendations are currently being made on a large scale in the form of market letters and e-mails,” a statement from the B.C. Securities Commission reads.

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“The promotions in Germany make aggressive claims about Revive’s potential success in treating COVID-19 and the prospects of investors receiving large profits.”

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The commission is reminding investors to be cautious when considering aggressive promotions as a basis for investment decisions as these promotions may make false claims of large profits.

2:09Coronavirus fraudster warning

Coronavirus fraudster warning

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The warning can also be extended to the public consuming the information with their own health in mind.

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