USI-Tech investor warning issued in BC, Canada
As USI-Tech struggles to convince investors of its legitimacy, now regulators are starting to take notice.
On December 15th the British Columbia Securities Commission officially added USI-Tech to its Investment Caution List.
As per the BCSC’s warning, USI-Tech
is not registered to trade in, or advise on, securities or exchange contracts in BC.
We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
USI-Tech’s business model sees the company advertises a 70 EUR ROI on 50 EUR investments.
Despite clearly offering a security, USI-Tech has not registered itself with a securities regulator in any jurisdiction it operates.
The offering of unregistered securities is illegal in regulated financial markets the world over.
At the time of publication Alexa estimates the US is the largest source of traffic to the USI-Tech website (27%).
As of yet however and despite widespread promotion of USI-Tech throughout the US, the SEC has yet to take any action.