OSC Issues Temporary ‘Cease Trade Order’ on Suspected Bitcoin MLM Scheme

[kreslik.news]

The Ontario Securities Commission has released a statement warning against a company and two individuals that it says are not registered to sell securities in Ontario.

In addition to the warning, the OSC has issued a temporary ‘cease trade order’ that has halted the trading of securities by any of the entities in question. The securities commissions of other Canadian provinces, including British Columbia, Manitoba, New Brunswick, and Nova Scotia have published their own warnings to investors regarding USI Tech.

The OSC did not hold a hearing on the matter before deciding to send the stop trade order and the ... (read more)