Investment Caution List: 27 New Additions

The BC Securities Commission’s (BCSC) Enforcement Division has added 27 new entries to the Investment Caution List since our last post in April 2021.

We encourage you to keep an eye on the BCSC’s Investment Caution List, which identifies unregistered activity or unqualified securities promotions from outside of the province that target British Columbians.

We urge BC residents to exercise caution when:

  • Dealing with firms that are not registered to trade or advise on securities in BC;
  • Considering investing in an entity that may not be in compliance with prospectus filing requirements under BC securities laws;
  • Dealing with cryptocurrency trading platforms that have not been recognized or registered in BC.

Below are the latest additions to the Investment Caution List.

Companies Not Registered to Trade in or Advise on Securities or Derivatives in BC

Bit-Market

Bit-Market claims to be located in Saint Vincent and the Grenadines, and it claims to offer accounts for trading in cryptocurrencies.

Koinimtd

Koinimtd claims to offer Contracts for Difference and other complex financial products, including cryptocurrency. 

Amel Investment Group

Amel Investment Group claims to be based in Ontario, Canada, and it claims to be a crypto-trading, forex-trading and real estate investment company.

RBCmarkets

RBCmarkets claims to offer accounts for trading in forex, cryptocurrencies, shares, indices and commodities.

Coinxminer

Coinxminer claims to be located in the United Kingdom, and it also claims to offer investment plans in cryptocurrency mining.

BDS Ltd., BDS Markets, BDSwiss GmBH, BDSwiss Holdings Ltd., and BDSwiss LLC (Collectively, “BDSwiss”)

BDSwiss claims to be located in Seychelles, and it also claims to offer accounts for CFDs trading in forex, commodities, shares, indices and cryptocurrencies.

Viseming Ltd.

Viseming Ltd. claims to be based in London, England, and it claims to offer investment plans with different rates of return.

LegalFXTrade24

LegalFXTrade24 claims to be located in the United Kingdom, and it also claims to offer investment plans in cryptocurrency trading and mining.

Ezecta LLC

Ezecta LLC claims to be based in Wyoming, and it claims to offer investment plans with different rates of return.

Antares Trade

Antares Trade claims to be located in Hong Kong, and it also claims to offer investment packages for “stock trading, information products trading, cryptocurrency promotion”.

Financial Option Trade

Financial Option Trade claims to be located in St. Vincente and the Grenadines, and it also claims to offer investment plans in cryptocurrency trading.

Man Capital Group Ltd.

Man Capital Group Ltd. claims to offer accounts for CFD trading in FX, Stocks, Crypto, Indices and Commodities.

Haven Investment Groups

Haven Investment Groups claims to be located in Michigan, USA, and it also claims to offer investment plans for trading in stock, ETF, forex and options.

Expertminers

Expertminers claims to be based in London, England and claims to be a professional investment corporation engaged in stock, Forex market, and gold trading.

Companies That Have Not Filed Prospectus in BC

SpaceGrime

We recently became aware that SpaceGrime promoted an initial coin offering (ICO) of Grimex, in which British Columbia (BC) residents can participate.

PlanetClean Recycle Industries Corp

PlanetClean Recycle Industries Corp. claims to be based in British Columbia (BC), and advertised “that 3,000,000 shares are available at an opening price of 5.40USD per share. Availability at this price, starts on 15th March 2020 and continues through to the 31st August 2021.”

Companies That Have Not Been Recognized as an Exchange or Registered as a Dealer in BC

CryptoLegacy

CryptoLegacy claims to be located in Texas, US. It also claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

Goldstrade

Goldstrade claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

Goldsttrad

Goldsttrad claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

xm822.xyz

xm822.xyz (doing business as XM) claims to have offices worldwide, and offers an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

dgusdt.xyz (doing business as Bitcoin Digital Gold)

dgusdt.xyz (doing business as Bitcoin Digital Gold) claims to have offices worldwide, and it claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

atexcoin.xyz (doing business as Atex Coin)

atexcoin.xyz (doing business as Atex Coin) claims to have offices worldwide, and it claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

BTCC-FX

BTCC-FX claims to have offices worldwide, and it claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

miex888.xyz (doing business as Miex)

Miex claims to have offices worldwide, and it claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

cryptocc.xyz (doing business as cryptoC2C)

cryptocc.xyz (doing business as cryptoC2C) claims to have offices worldwide, and it claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

Bitcoin Code

Bitcoin Code claims to be located in the United Kingdom, and it also claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

Himalaya Exchange

Himalaya Exchange claims to offer an online cryptocurrency trading platform that British Columbia (BC) residents can use to trade in cryptocurrency.

Report a Concern

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. Subscribe to receive email updates from BCSC InvestRight.

Suggested Reading

Investment Caution List: 24 New Additions

Enforcement Roundup: June 2021

Investor Warning: Protect Yourself From Online Crypto and Forex Schemes

More Resources

Market Misconduct

The BCSC's Investment Caution List identifies unregistered activity or unqualified securities promotions from outside of BC that target British Columbians.

Avoid Investment Fraud

The BCSC's Investment Caution List identifies unregistered activity or unqualified securities promotions from outside of BC that target British Columbians.