The British Columbia Securities Fee (BCSC) has prolonged its GSPartners ban for “as much as one yr”.
The ban additionally particularly applies to GSPartners promoters Haidy Nitsa Nakos (Vancouver), Tanya Sue Cloete and James Bruce Gardiner (Maple Ridge).
As per BCSC’s November thirtieth press-release;
A B.C. Securities Fee (BCSC) panel has prolonged a non permanent order for as much as one yr in opposition to three B.C. residents and several other associated internationally-based corporations to cease the promotion of an funding product known as “MetaCertificates.”
The prolonged non permanent order in opposition to Vancouver resident Haidy Nitsa Nakos, Maple Ridge residents Tanya Sue Cloete and James Bruce Gardiner, GSB Gold Normal Financial institution Ltd. (doing enterprise as GSPartners), GSB Gold Normal Company AG and Swiss Valorem Financial institution Ltd. prohibits them from partaking in promotional actions by or on behalf of GSPartners.
And simply so there was completely no confusion over what the order pertains to;
The order additionally prohibits:
-Nakos, Cloete, Gardiner and GSPartners and its associated entities from disseminating to the general public, or authorizing the dissemination to the general public, any info or document regarding securities of GSPartners, and
-Any individuals from buying and selling the securities of GSPartners.
“On this case, the integrity of the markets will likely be harmed and there will likely be a major lack of public confidence within the system if the Respondents are allowed to proceed to perpetuate this scheme,” the Govt Director mentioned within the utility for a brief order extension.
BCSC’s investigation into GSPartners is ongoing, and can finally result in a press release of allegations of misconduct.
Within the meantime, BCSC’s Govt Director mentioned the ban is to “clearly sign to traders to cease investing in GSPartners MetaCertificates.”