Abstract:The public has been cautioned by the Canadian Securities Administrators (CSA) about Nova Tech Ltd (NovaTech), who claim that the business is not listed with any Canadian securities authority. As a consequence, NovaTech is not permitted to propose to deal in stocks or futures to anyone who resides in Canada
NovaTech may be in violation of provincial and territorial securities and derivatives law, including provisions related to unregulated trading and the illegal distribution of securities. The company appears to offer investment products and trading services through its website.
NovaTech announced a temporary freeze in trading account withdrawals for a period of 60 days on February 5, 2023. The reason for this freeze is unknown.
The Capital Markets Tribunal (Ontario) extended a cease trade order issued by the Ontario Securities Commission on March 2, 2023. The order requires NovaTech to temporarily cease all trading in any securities.
All individuals and businesses trading securities or derivatives, or providing investment advice in relation to securities and derivatives in Canada, including platforms facilitating trading of forex and crypto assets, must comply with applicable securities or derivatives legislation.
Investors should always check the registration of any person or business trying to sell them an investment or provide investment advice. This will help to ensure that they are dealing with legitimate, authorized individuals or businesses.
The Canadian Securities Administrators (CSA) is a group of financial officials from each of Canada's 13 provinces and regions. Its main responsibility is to supervise and control Canadian financial markets, ensuring that they are equitable, effective, and open.
The CSA works to safeguard clients by developing and implementing laws that support the securities industry's honesty, openness, and security. It also offers instruction and tools to assist clients in making educated choices.
The CSA's primary responsibility is to create and implement rules and laws for public businesses and stock agents. These laws cover financial filing obligations, transparency standards, and rules regulating market players' behavior. The CSA also checks conformance with these rules and, when appropriate, initiates disciplinary action.
Install the WikiFX App on your smartphone to stay updated on the latest news.
Download link: https://www.wikifx.com/en/download.html?source=fma3
Saxo Bank launched an attractive promotion for new clients that offers zero commission trading on transactions for the 100 most popular US stocks. This campaign began on September 17, 2024, and runs until December 31, 2024. It aims to attract clients who want to invest without paying trading costs.
MetaQuotes now offers Nasdaq real-time tick data in MetaTrader 5. Subscribe for accurate market analysis, improved trading strategies, and flexible subscription plans.
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
The Federal Reserve’s decisions to raise or cut interest rates are among the most influential drivers of market activity, particularly in the forex and cryptocurrency markets. Understanding the impact of rate changes is crucial for market participants, as it helps them anticipate potential movements and adjust their strategies accordingly.