German financial regulator alerts investors on Goldex Resources shares

ISC Bank

BaFin, Germany top financial regulator said it is raising an alert over buy recommendations on the shares of Goldex Resources Corp.

The financial regulator said in a terse statement that:

“According to information available to the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), buy recommendations are currently being issued for shares in Goldex Resources Corp. (ISIN: CA3813663018) via e-mail market letters.

BaFin has evidence indicating that these buy recommendations contain false or misleading information and/or that existing conflicts of interest are wrongfully concealed.

It has initiated an investigation into suspected market manipulation in the share.

BaFin therefore recommends all investors to closely examine whether the information provided is reliable and to obtain information about the company in question from other sources prior to buying the shares,” the statement said.