Unlicensed broker still soliciting investments

Unlicensed broker still soliciting investments

Unlicensed broker still soliciting investments The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers not to deal with Joseph Tukacs, as he and his company are not licensed to do mortgage brokering in Ontario.

Tukacs company, JCT Capitol Investment Group claims, “peace of mind investing for yourself;  one-on-one personalized service; flexibility in your exit strategies; clear communication every step of the way; knowledge of the real estate market in Ontario; all transactions handled personally by myself; honesty and respect are number one; deals are transparent,” according to the company’s website.

“FSCO has been notified that the company is soliciting lenders and borrowers on its website, jctcapitol.com,” FSCO’s website states. “Mr. Tukacs has also solicited consumers through his LinkedIn page.”

In an interim compliance order issued by FSCO to Tukacs, the unlicensed “broker” agreed to clarify his website to state that he does not conduct any business, himself.

“Mr. Tukacs replied via email, stating that he and JCT Capitol would update their website and associated facebook.com and linkedin.com pages within 30 days to clarify that they only do business through licensed brokerages, brokers and agents,” the order states.

And while any mention of mortgage brokering has removed, the website still solicits clients for investment opportunities.

“For our current investment opportunities, we have listened to you, our investor network, and have put together investment products that provide you with two things you have been asking for. Security and yield.” the website states.