regulation @ BehindMLM

Prelim injunction granted against DIS promoter Brandon Frye

A preliminary injunction has been granted against Digital Income System promoter Christopher Brandon Frye.

FSCA: Mirror Trading International is an “illegal operation”

South Africa’s Financial Sector Conduct Authority has bluntly stated: MTI and its senior management are conducting an illegal operation, misleading clients and have contravened several laws. The statement was published as part of a December 17th press-release, updating the public on the status of the FSCA’s investigation.

Darren Olayan issued Mintage Mining securities fraud C&D

The state of Michigan has issued Darren Olayan a securities fraud cease and desist pertaining to Mintage Mining. Michigan’s notice was issued on April 8th, however I only came across it today as part of my research into Olayan’s $595,000 Utah fine. As per Michigan’s cease and desist;

Darren Olayan fined $595,000 for Divvee securities fraud

The Utah Division of Securities has fined Divvee Social and Darren Olayan $595,000 as part of a securities fraud settlement.

Jeff Wright to provide FTC with SBH financial evidence

Jeff Wright and his wife Amber have lost a bid to keep their finances hidden from the FTC. Wright joined Success by Health’s “Scientific Medical Advisory Board” in late 2018.

Karatbars International securities fraud warning from Canada

The Ontario Securities Commission has published a securities fraud warning against Karatbars International. The OSC added Karatbars to its warning list back in July. We missed that notice but are covering it now as a matter of record.

Mining City securities fraud warning issued in Canada

The Ontario Securities Commission has issued a Mining City securities fraud warning. The OSC added Mining City to its warning list on December 14th.

Crowd1, Omega Pro & IM Mastery Academy illegal in Peru

Peru’s Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS), has issued a warning against several MLM companies operating illegally in the country.

Mirror Trading International an illegal company in Canada

Quebec’s Autorite des Marches Financiers has added Mirror Trading International to its list of illegal websites and companies.

CashFX Group on Quebec’s list of illegal investment companies

The Autorite Des Marches Financiers has identified CashFX Group as an “active platform in Quebec”. Consequently the AMF has added CashFX Group to it’s list of “companies that solicit investors illegally”.