Scotia has been identified as a scam broker. - Feb 03, 2024: Broker Finder reviewed Scotia as an unregulated broker. Scotia falsely claims to be regulated by the Financial Transactions and Reports A... Scotia has been identified as a scam broker. - Feb 03, 2024: Broker Finder reviewed Scotia as an unregulated broker. Scotia falsely claims to be regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with MSB number M19237073. Such misleading claims are a strong indicator of scam activity. See more