We have engaged with the firm on several occasions regarding regulatory issues. Based on a range of new information, which heightened our concerns about the financial viability and structure of the business, we took assertive action to protect consumers and ensure that the firm ceased all regulated activities.
We continue to caution potential investors seeking to invest in unregulated entities that offer products with high advertised returns. These investments are often too good to be true. Potential investors should always undertake their own due diligence.
We are unable to comment further at this time.