I have written a great deal about Genius Funds since we issued a Notice of Hearing on February 12, 2010. The hearing took place in Vancouver and the Commission issued permanent orders again Genius Funds. No one representing Genius Funds appeared on its behalf.
As I emphasized in my last blog, BCSC did not shut down the website. It did not prevent Genius Funds from sending funds to investors. What it did do was confirm that Genius Funds is not registered to participate in BC’s securities industry and it permanently banned web-based Genius Funds, also known as Genius Investments, from selling securities and engaging in investor relations activities in British Columbia.
To read previous posts on this and other topics, click on Let’s talk about investing.
With the price of gold reaching record heights during the latest market downturn, it’s no surprise that fraudsters jump on this news to offer investment schemes that involve precious metals. The benefits of precious metals such as gold and silver – their “tangibility” and security, as well as the fact their value often […]
It has been awhile since I last wrote my first blog, Genius Funds – Beyond Belief. Since then, a whole series of events have unfolded, beginning with our temporary order alleging that the Cyprus-based company had breached BC securities laws. Since then, several Canadian provinces have issued investor alerts, the Alberta Securities Commission has cease traded it, and the Cyprus Securities […]