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 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 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 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 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 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.
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.
There are a lot of lessons to be learned from reading the Canadian Securities Administrators’ 2010 Enforcement Report. Read, for example, the Alberta case called Kustom Design Financial Services Inc. This is a company which held seminars supposedly offering financial education. It was, instead, a cover for the illegal selling of securities to vulnerable investors. […]
Recently, I’ve noticed a couple of investment schemes reported in the news that were promoted on social media websites. In one case, the SEC charged an Illinois-based investment advisor with offering fictitious securities on LinkedIn, a well-known social media site used by professionals (including myself) to expand their networks and industry knowledge. The SEC is […]