NovaTech FX received another fraud warning and this time it was from the British Columbia Securities Commission.
According to the securities fraud warning from BCSC;
NovaTech Ltd. claims to be located in Florida and it also claims to offer trading services by an experienced team of traders.
We are aware that NovaTech Ltd. has accepted funds from British Columbia (BC) residents.
NovaTech Ltd. is not registered to trade in, or advise on, securities or derivatives in BC.
We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
Recently, NovaTech FX talked about how they were audited by the FBI and passed even though CEO Cynthia Petion decided to burn the audit…
Which makes total sense…(sarcasm).
In my original NovaTech FX review, I did call out the company for operating as a ponzi scheme.
Since then the only other NovaTech FX fraud warning was issued by Russia.
Even though NovaTech FX promises weekly returns through Forex, they are not registered with the SEC and CFTC.
Even though NovaTech is a US based company, so far no US regulator has stepped in to take action.
Will keep you all posted to see what happens next.
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