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What To Beware Of The problem with offshore investing is that it is not regulated in its entirety by one organisation. If you take Australia as an example, ASIC (Australian Securities and Investment Commission) is the regulatory body that ‘looks out’ for residents and citizens of Australia . If an investment is offered in Australia , and it has been registered with ASIC and something goes wrong, ASIC can and will intervene. If you invest offshore, and something goes wrong, you need to find the relevant regulatory body of that region, You also need to make sure that, if an investment states it IS registered somewhere with a regulatory organisation, that it really is. Examples of other regulatory bodies are SEC (Securities Exchange Commission) in the US , FSA (Financial Services Authority) in the UK and the BCSEC (British Columbia Securities Exchange Commission) in Canada . Just to name a few |
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