BCSC issues temporary orders against three B.C. residents and offshore companies they are promoting
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VANCOUVER, BC, Nov. 16, 2023 /CNW/ – The B.C. Securities Commission (BCSC), as part of a coordinated U.S.-Canada enforcement action, has issued a temporary order against three B.C. residents and several related internationally-based companies to stop the promotion of an investment product called “MetaCertificates.”
MetaCertificates show many of the typical signs of fraud, and investors have recently experienced unexpected losses and problems receiving promised returns. The BCSC has evidence suggesting that a significant number of B.C. investors have purchased MetaCertificates.
MetaCertificates and other investment products are being promoted through a multi-level marketing network, which provides commissions to promoters for purchases resulting from their referrals.
The temporary order against Haidy Nitsa Nakos, Tanya Sue Cloete, James Bruce Gardiner, who BCSC staff believe are B.C. promotors of MetaCertificates, and GSB Gold Standard Bank Ltd. (doing business as GSPartners), GSB Gold Standard Corporation AG and Swiss Valorem Bank Ltd., prohibits them from engaging in promotional activities by or on behalf of GSPartners.
Content retrieved from: https://finance.yahoo.com/news/bcsc-issues-temporary-orders-against-193000668.html.
