Canadian regulator OSC warns against Bitcoin multi-level marketing shop USI Tech


asic warning

The Ontario Securities Commission (OSC) has warned investors that USI Tech Limited (USI Tech), Eleanor Parker and Casey Combden are not registered to sell securities in Ontario.

USI Tech, Ms. Parker and Mr. Combden appear to be involved in a multilevel marketing scheme that targets Ontario investors and encourages them to purchase bitcoin packages.

We already noted that other regulators have recently called out USI Tech.

The OSC has issued a temporary cease trade order that prohibits all trading in any securities by USI Tech, Ms. Parker and Mr. Combden.

The Financial and Consumer Affairs Authority of Saskatchewan has also issued a temporary cease trade order against USI Tech.

Additionally, the securities commissions of British Columbia, Manitoba, New Brunswick and Nova Scotia have published investor alerts about USI Tech.

The official warning can be seen here.

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Canadian regulator OSC warns against Bitcoin multi-level marketing shop USI Tech

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