A warning has recently been issued by the British Columbia Securities Commission (BCSC). According to the updates, the warning has been issued by the British Columbia Securities Commission about a trading firm. The name of the particular firm is Perfect Mining Trading.
Warning Issued by the BCSC
The British Columbia Securities Commission has announced that Perfect Mining Trading is not an authorized firm to offer investment and trading services in British Columbia.
The regulator has issued a warning confirming that the particular firm is not authorized to offer services in British Columbia (BC). The firm is not registered in British Columbia to provide trading and investment services in the particular area.
As the firm is not registered, it is not authorized to interact, promote, or provide investment services to the locals of British Columbia.
As per the British Columbia Securities Commission, any firm wishing to offer investment and trading services to the BC locals has to be authorized by the relevant authority.
In case of investments, trades, and financial services, the firms have to get registered with the British Columbia Securities Commission. If a firm is not registered by the respective authority, then it is not authorized or permitted to offer their services to the locals of British Columbia.
As Perfect Mining Trading does not appear in the registry, it is not authorized to operate in British Columbia as a legal entity. It is not authorized to offer its trading/investment services to the locals in British Columbia.
False Claim Made by Perfect Mining Trading
The British Columbia Securities Commission has officially announced that Perfect Mining Trading is not legally authorized at all. However, the firm is making false claims about its entity and authorization.
The firm claims that it has gone through the relevant registry process to gain authorization for operating in BC as a financial entity. The reality is that the firm has not acquired authorization to operate in British Columbia at all.
The firm is making a false claim in regards to its registry and authorization. The firm has made no contact with the British Columbia Securities Commission to get registered. Instead, the firm has continued claiming that it is registered and fully authorized to deal with the locals in British Columbia.
Warning for the Consumers/Investors
Without any authorization, Perfect Mining Trading is involved in offering cryptocurrency mining and forex trading services to the locals in British Columbia.
As the firm is not authorized, there is no guarantee about the whereabouts or the authenticity of the firm. Therefore, the locals/investors are strongly advised not to interact with the particular firm.
The firm may be making false claims and promises that it cannot keep in terms of profits and gains only to lure innocent people. However, as the firm is unauthorized and unregulated, it is strongly advised that the people must not invest their money through the firm.
There are high chances that the investors entrusting the firm with their money may end up losing it. The reason behind the concern is that the unauthorized nature of the firm leaves the investors completely vulnerable to frauds and scams.
There is no liability if the investors end up losing their money to the unauthorized firm. If people end up losing their money, there is no guarantee that such funds can be recovered or not.
Therefore, the investors must remain very cautious and stay safe when investing through the firm. They must know that the investment they make are completely their discretion and they will be responsible for any losses.
Claims Made by Perfect Mining Trading
Perfect Mining Trading, which operates the website: https://perfectminingtrading.com claims that it is located in the United States. The firm is known for offering forex trading and cryptocurrency mining services.
Despite the claim, Perfect Mining Trading is not registered to operate and provide financial services in British Columbia.