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GUILTY Case# 2011-017 | Louis F vs www.investtechfx.com

Discussion in 'Guilty Verdicts' started by Louis F, Feb 25, 2011.

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Based on the available evidence, do you believe that Investtechfx is guilty?

Poll closed Mar 13, 2011.
  1. Guilty

    116 vote(s)
    95.9%
  2. Not Guilty

    5 vote(s)
    4.1%
  1. MichelAnge21

    MichelAnge21 Sergeant

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    Louis

    It s because the people at the OSC do not spend the day on the internet to see if somebody is operating illegally. They wait that somebody makes a formal complaint. And, even after somebody complains, they are slow because somebody will make an investigation only weeks later. .All you will see is that they will post a warning about InvesttechFX eventually. But I m sure it will happen. Really, it s the trader that must check with them BEFORE they open their trading account if the broker has a licence. It s the only way to be safe. Now, it s sad that you are caught in this situation with a non-regulated broker because you dont get the OSC protection for your capital. You can only hope the police will do something. But even the police needs an international cooperation and some countries dont cooperate.

    What happens after some people complain to the OSC and the OSC does an investigation ( slow ) is that they send a " cease and desist " order to the illegal broker to order them to stop operating in Ontario. If the non-regulated broker refuses to obey, they sue them in court.
     
    #41 MichelAnge21, Mar 9, 2011
    Last edited: Mar 9, 2011
  2. Louis F

    Louis F Private, 1st Class

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    MichelAnge21
    I have already indicated the problem with the OSC. This is the OSC answer:
    As I previously informed you, InvestTech is not registered with the OSC to sell securities to Ontario residents, and there is no information in the public records of the OSC relating to InvestTech.
     

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