Financial regulators are warning Manitobans about a letter delivered to mailboxes in what's being called an attempt to exploit fears of a recession related to the COVID-19 pandemic. The Manitoba Securities Commission issued an investor alert Thursday "warning the public to exercise extreme caution about aggressive promotion of Crestview Exploration Inc., a British Columbia gold mining company," an MSC release said. The letter from someone describing himself as a "stock analyst and geologist" makes "exaggerated claims about Crestview, predicting that its stock price 'will soar as the recession hits'", the MSC said. "The original promoters sell their stock at the inflated price and the stock price soon drops. The Manitoba Securities Commission investor alert:

Source: CBC News April 09, 2020 22:41 UTC