Investment Caution List: Six New Additions

The British Columbia Securities Commission (BCSC) added six companies to the Investment Caution List.

The Investment Caution List identifies unregistered activity and unqualified securities promoted in British Columbia. The BCSC relies on information from the public and other agencies to identify new entries to the List.

None of the companies listed below are registered to trade in, or advise on, securities or exchange contracts in B.C. We urge B.C. residents to exercise caution when dealing with firms that are not registered to trade or advise in this province.

New Additions to the BC Securities Commission Investment Caution List

Lionstradefx.com

Lionstradefx.com made an unsolicited offer to a B.C. resident to invest in Lionstradefx.com. Lionstradefx.com claims to be an online binary options trading platform provider.

BitPlay Ltd. (BitPlay)

BitPlay recently targeted B.C. residents with advertisements offering high-yield investment programs. BitPlay claims to be an online eSports betting platform provider located in London, England.

Aidan Trading

Aidan Trading made an unsolicited offer to a B.C. resident. Aidan Trading claims to provide an online trading platform for forex, forex options, commodities, and Contracts-For-Difference.

Cryp Trade Capital Holdings SL

Cryp Trade Capital Holdings SL offers an online cryptocurrency trading platform and cryptocurrency investment portfolios. Cryp Trade was added to the Investment Caution List after if recently advertised to B.C. residents. In certain circumstances, cryptocurrencies may be considered to be securities under securities legislation in B.C., and trading in or advising on them may require registration.

BitcoinBank (BTCB)

BitcoinBank claims to be a cryptobank that provides financial and investment services. BCSC staff found BitcoinBank advertisements targeting B.C. residents and offering BTCB Coins through an initial coin offering.

Lamp Education Ltd.

The BCSC became aware of Lamp Education Ltd. after the company was purporting to issue a cryptocurrency (LAMP Token) by way of an initial coin offering. Lamp Education Ltd. claims to be an education company with an office in Vancouver, B.C.

Report Suspicious Investments to the BCSC

You can bring companies or individuals to our attention using the Report a Concern form or contacting BCSC Inquiries at [email protected]. Remember to keep records in case you need to make a complaint or take legal action.

If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected] You can also file a complaint or submit a tip anonymously using the BCSC’s online complaint form.

InvestRight.org is the British Columbia Securities Commission’s investor education website.

Suggested Reading

Preventing elder financial abuse and investment fraud

Exchange traded funds: Which kind are you buying?

In your community this month - March 2011

More Resources

Rules of engagement for avoiding boiler room scams

You pick up the phone. Hello? Hello? Hello! Nothing at the other end but empty space. It could be a: Charity canvasser Local political candidate Licensed investment advisor Pollster Boiler room shyster That empty space at the end of the line probably means the call is being connected to a call centre. It could be at […]

BC Securities Enforcement Roundup – December 2013

In December 2013, the BC Securities Commission issued two settlements, three notices of hearing, and announced a Supreme Court of Canada decision upholding a commission panel’s decision. The Investment Industry Regulatory Organization of Canada (IIROC) released one settlement in December 2013 relating to a BC resident. The Mutual Fund Dealers Association did not release any […]