deglace and associates financial services, incorporated

Deglace & Associates Financial Services, Inc. presented itself as a North American investment management firm headquartered in Toronto, Ontario. The company solicited investors, often through social media, by offering investment products like high-yield guaranteed investment certificates (GICs). However, investigations by Canadian securities commissions revealed that the company was not registered to trade in or advise on securities. It was found to have illegally distributed securities, made misrepresentations to investors, and defrauded them of significant funds, leading to permanent market bans and financial penalties.