Canadian Securities Regulator Warns Residents Against Engaging A Company Called Blue Trading

2018-7-10 21:55

In a trading environment rife with scams and con games, the authorities put in place to institute trade policies are the consumer’s line of defense against manipulation and loss of money.

Also, it’s important that anyone seeking advice or trade partnership with any entity be certain of that entity’s legal clearance. That’s why the authorities are warning people about this one company that doesn’t seem to follow rules.

BCSC: Stay Away From Blue Trading

In an announcement, British Columbia Securities Commission (BCSC), which is securities regulator in Canada, mentioned a company called Blue Trading as one entity that people need to stay away from. BCSC has designated Blue Trading as a suspicious entity due to the company’s issues with legal registration.

Blue Trading claims to be a firm offering full services in managed account trading in cryptocurrencies, Forex, and commodities. BCSC first became aware of Blue Trading when the firm approached a resident of British Columbia with an offer to trade with it.

Cryptocurrencies, being digital currencies, may be considered as securities in some circumstances outlined by a legislation regarding securities in British Columbia. However, they’re not fiat currencies. Under the legislation, trading in or offering trading advice in such securities requires that the company involved be legally registered in British Columbia.

Not Registered

Blue Trading is not a registered entity in BC, and therefore not legally allowed to offer any trading advice or services in the region. Also, the firm has not submitted any exempt distribution report or prospectus for its operations in BC. For these reasons, BCSC deems Blue Trading as a suspicious entity and has called upon BC residents to be wary of doing business with the firm.

BCSC also urges all residents in BC to exercise due diligence and caution when dealing with unregistered entities or those trying to sell unqualified securities within British Columbia, as such entities may not be genuine and trustable.

The post Canadian Securities Regulator Warns Residents Against Engaging A Company Called Blue Trading appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 1.4416 (-99.55%)

against trading entity warns regulator authorities securities

against trading → Результатов: 68


Фото:

Yes they do

News Youtube has been dragged into a class action lawsuit against Bitconnect for failure to protect its users from being exposed to the scam’s videos. Also Read: No Insider Trading, Market Manipulation and Misleading Ads – Malta’s New Crypto Law Youtube to Blame for Bitconnect? Youtube has been added as a defendant in a class

2018-7-9 03:52


Prior best rated trio crypto exchange btcc reopens, announces future release of native tokeb

BTCC, formerly known as BTC China, has relaunched its crypto trading platform and revealed plans to issue its own native token, according a company announcement Monday, July 2. The rehauled crypto exchange is now live, offering trading for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) against the U.S. dollar, as well as

2018-7-2 17:58


Фото:

U.K. Banks Warned to Be Careful With Cryptocurrencies

The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.

2018-6-29 18:17


‘Leonardo da Vinci’ Puts Mona Lisa Painting on the Blockchain

Bitcoin core developer Peter Todd defended Blockchain art startup Verisart against Terence Eden June 13 after claims the company believed he had painted the Mona Lisa. ‘Obvious Fraud’ In a Twitter discussion, Todd alleged Eden, who currently runs Open Standards for the UK Government Digital Service (GDS), “misunderstood what Verisart is” after the company uploaded the famous painting to the Blockchain with Eden as the creator.

2018-6-14 06:00