Saskatchewan residents are being warned about a new investment scam involving a website called audhjoy and an app called T-AlphaX that falsely claim to be affiliated with T. Rowe Price Group.

According to the the Financial and Consumer Affairs Authority of Saskatchewan (FCAA), the scam has been promoted through messaging and social media platforms and claims to offer Saskatchewan residents investment opportunities involving cryptocurrencies and stocks.

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“T. Rowe Price Group USA, T-AlphaX, and audhjoy are not registered with the FCAA to trade in or sell securities or derivatives in Saskatchewan,” the FCAA said in a statement.

The FCAA is urging consumers to avoid investing with companies that are not registered in…