The Nova Scotia Securities Commission announced earlier today that it has ordered Jean-Smaille Germeil and FPE Trading to pay an administrative penalty of $150,000, as well as to cover all the costs in connection with the investigation and conduct of this proceeding before the Commission in the amount of $15,000. Germeil and FPE Trading have repeatedly…
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The Nova Scotia Securities Commission (NSSC) announced that it has issued a cease trade order against Ocean Links Investments Inc. The company, a Nova Scotia community economic development corporation, violated securities laws by failing to file continuous disclosure documents. The director of corporate finance ordered Ocean Links Investments Inc. to comply with Nova Scotia securities…
Read moreThe Nova Scotia Securities Commission (NSSC) has announced that it has approved a settlement agreement with Vestcap Investment Management Inc. Vestcap Investment Management Inc. is a portfolio management firm with its head office in Toronto. In 2006 they opened five investment accounts for a couple living in Alberta. In 2008 the couple relocated to Nova…
Read moreThe Nova Scotia Securities Commission (NSSC) is alerting investors that ORCA Alliance (Orcaalliance.eu) and BIOK Ltd. (biok.co.uk) are not registered to sell securities in Nova Scotia. The companies and their representatives have solicited Nova Scotia residents by placing sponsored ads on www.kijiji.ca for Initial Coin Offerings (ICO). We are asking people to be particularly cautious…
Read moreThe Nova Scotia Securities Commission (NSSC) has just warned investors that 1st Trade Options/First Trade Options is not registered to sell securities in Nova Scotia. 1st Trade Options claims to be a full service options trading company located in Panama City, Panama. 1st Trade Options and its representatives solicited at least one Nova Scotia resident…
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The Nova Scotia Securities Commission (NSSC) has reminded investors to do their due diligence when investing, especially in cryptocurrencies and initial coin offerings, as March is Fraud Prevention Month. Recently attention was given to the rise and fall in the value of Bitcoin, cryptocurrencies and initial coin offerings grabbing the moniker as the “next big…
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The Nova Scotia Securities Commission (NSSC) has made an announcement today, alerting Nova Scotians that Bitcoin Bank/Bitcoin-bank.io is not registered to sell securities in Nova Scotia. Bitcoin Bank claims to be a cryptobank that provides financial and investment services. It is soliciting investments in its BTCB coin that it claims to trade on crypto, Forex,…
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The Nova Scotia Securities Commission (NSSC) informed that it is making it easier for investors to find out if those “latest and greatest” investment opportunities are potentially scams. The commission has a new Investor Alert Database on its website. Investor alerts are published by the Commission to warn of unlawful investment raising schemes that the…
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The Nova Scotia Securities Commission (NSSC) announced that it has issued a cease trade order against West Nova Agro Commodities Ltd. According to NSSC, the company, a Nova Scotia community economic development corporation, violated securities laws by failing to file continuous disclosure documents. The director of corporate finance ordered West Nova Agro Commodities Ltd. to…
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The Nova Scotia Securities Commission (NSSC) has cautioned investors about Magnum Options, which is offering binary options via an online trading platform to Nova Scotians. Magnum Options also appears to go by the name of Hampshire Capital Ventures Ltd., and it is known to have used websites magnumoptions.com and magnumoptions.eu. These entities are not registered…
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