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

Genius Funds hearing at BC Securities Commission, April 7, 2010

Regulators encourage Canadians to be proactive in preventing investment fraud

An InvestRight holiday carol

More Resources

In your community – August 2012

BCSC staff ambassadors tour the province, helping people to protect themselves from fraud and unsuitable investments. Our goal is to enable BC investors to develop critical thinking skills so they can become more informed of steps they should take to protect themselves when investing. Where we are this month   Kelowna InvestRight seminar August 22 […]

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