The March 2024 edition of the Enforcement Roundup features an enforcement action taken by the BC Securities Commission (BCSC) along with 17 new additions to the Investment Caution List.
BCSC Enforcement
BCSC Settlement Agreement
Anthony Kevin Jackson, BridgeMark Financial Corp., and Jackson & Company Professional Corp
Anthony Kevin Jackson, BridgeMark Financial Corp., and Jackson & Company Professional Corp. admitted to participating in a scheme involving private placements and prepaid consulting fees for little or no consulting work. As part of the scheme, nine issuers announced proceeds of $50.9 million from private placements in 2018 with most of the funds given to consultants and issuers retaining only $7.9 million.
Jackson and the two companies he controlled have jointly paid $100,000 to the BCSC. Jackson is also prohibited for eight years from becoming or acting as a director or officer of an issuer or registrant and is suspended from participating in various investment market activities.
Read the news release for full details.
BCSC Early Intervention
Investment Caution List
The BCSC’s Investment Caution List notifies British Columbians about unqualified investments and unregistered activity originating from outside of the province but accepts BC residents as clients.
Liquidchart
Liquidchart claims to offer different account types to trade CFDs in forex, stocks, indices, commodities, and cryptocurrencies.
QuantumTrade
QuantumTrade claims to be located in Austria and it also claims to offer different account types for trading in forex, stocks, indices, cryptocurrencies, and commodities.
Whintex
Whintex claims to be located in Toronto, Canada and it also claims to offer trading services in cryptocurrencies.
Braxton Wealth Management
Braxton Wealth Management claims to have offices in Switzerland and it claims to offer a platform for their clients to invest in both digital and traditional assets.
Aegis Corporate Financial Services Limited (Aegis)
Aegis claims to be located in Ontario, Canada, and it also claims to offer different account types for trading in forex, indices, commodities, stocks, and cryptocurrencies.
WiseWealth
WiseWealth claims to offer CFD trading services in forex, stocks, commodities, indices, and cryptocurrencies.
Fin Tech Platform
Fin Tech Platform claims to be located in the United Kingdom and it also claims to offer different account types for trading CFDs in forex, stocks, indices, commodities, and cryptocurrencies.
Lyraten
Lyraten claims to offer different account types for trading CFDs in forex, indices, stocks, commodities, and cryptocurrencies.
Republicantrades
Republicantrades claims to offer different investment plans for trading CFDs in forex, cryptocurrencies, and binary options.
Ultradx
Ultradx claims to offer trading services in cryptocurrencies.
Advanta Wealth (no relation to the UK registered firm Advanta Wealth Ltd.)
https://www.advantawealth.co claims to be located in the United Kingdom and it also claims to offer different types of accounts for trading in forex, cryptocurrencies, stocks and real estate.
FX Markets
FX Markets claims to offer different types of accounts for trading CFDs in forex, cryptocurrencies, commodities, indices, and stocks.
All Capital Trade
All Capital Trade claims to be located in London and it also claims to provide managed account services for traditional and crypto assets.
Eternity-trade.io
Eternity-trade.io claims to offer trading services in cryptocurrencies and forex.
Nixse
Nixse claims to be located in Taiwan and it also claims to offer different types of accounts for trading in forex, indices, commodities, cryptocurrencies, and stocks.
Tbanque
Tbanque claims to be located in United Kingdom, Cyprus, USA, and Australia. It claims to offer trading services in stocks, cryptocurrencies, commodities, forex, indices, and ETFs.
WiseCapitalX
WiseCapitalX claims to offer online trading services in currencies, commodities, stocks, indices, and cryptocurrencies.
Report a Concern
If you have concerns about a person or company offering an investment opportunity, please reach out to the BCSC Contact Centre at 604-899-6854 or 1-800-373-6393 or by e-mail at [email protected]. You can also file a complaint using BCSC’s online complaint form.
If you have information relating to fraud or serious market misconduct, you can securely submit tips through our Whistleblower program. Qualified tips may be eligible for cash rewards up to $500,000.
InvestRight.org is the BC Securities Commission’s investor education website. Subscribe to receive email updates from BCSC InvestRight.
