MFDA warns dealers about suspicious emails

Canada’s mutual fund dealers are being warned of yet another phishing scam involving an apparent effort to impersonate industry regulators.

According to a notice from the Mutual Fund Dealers Association of Canada (MFDA), dealers are reportedly receiving suspicious emails purported to be from MFDA president and CEO Mark Gordon that include a link to the association’s website.

“This email was not generated by the MFDA and members should not click on the link,” the self-regulatory organization warned in its notice.

The MFDA issued a similar warning to fund dealers back on Feb. 19 about a different phishing effort involving suspicious emails purportedly from a file transfer site called “filestofriends.com” that tried to get dealers to open an attachment.

“Members that receive suspicious emails from an unknown source should use caution before replying to the sender or opening any links or attachments,” the MFDA said in its latest warning.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.