Union Wise Financial Bank Exposed as Impostor in Fake CIRO Registration Scam

The Canadian Investment Regulatory Organization (CIRO) has issued a warning to investors about Union Wise Financial Bank, which operates through the website unionwisefinbank.com. The entity has been impersonating legitimate CIRO‑registered firms.

Unauthorized Use of CIRO’s Branding

Union Wise Financial Bank has also been falsely claiming CIRO registration by misusing CIRO’s logo. CIRO stressed that Union Wise Financial Bank has no connection to CIRO. Its use of CIRO’s logo to suggest registration or endorsement is unauthorized and misleading. Investors are strongly advised to avoid dealing with this firm.

The regulator urged investors to report any entity that falsely claims CIRO oversight or impersonates CIRO staff. Meanwhile, CIRO has been actively cracking down on these impostors. 

Read related warnings:

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• Alert: Fraudulent AI Trading Platform is Posing as CIRO-Registered Wealthforce Inc.

BrokersView Reminds You

Impersonation is a common scam tactic in investment scams. Fraudsters often exploit the credibility of recognized regulators and regulated financial institutions to gain trust.

Fraudulent websites and ads may look professional but are designed to deceive. Investors should always confirm registration through official regulatory websites rather than relying on promotional material.

If an offer or institution claims regulatory backing, check directly with the regulator before investing. If you need help, ask us a question for additional verification.