Beurax has received a securities fraud warning from the British Columbia Securities Commission.

As per the
BCSC’s January 26th warning
;

Beurax is not registered to trade in, or advise on, securities or derivatives in BC.

We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.

This is the equivalent of a securities fraud warning in other jurisdictions.

The BCSC’s warning was issued a month prior to
South Africa’s FSCA issuing their own warning
a few days ago.

Beurax
is fronted by Boris CEO Susan Pope, officially credited as Beurax’s CMO.

Beurax is believed to be run by anonymous Russian/Ukrainian scammers.

At the time of publication Alexa pegs Canada as the third-largest source of traffic to Beurax’s website (9%).

Update 28th February 2021 – 
Beurax’s Susan Pope has been
outed as a Russian actor
from Moscow.

Update 2nd March 2021 – 
Beurax has collapsed
.

🤖 Quick Answer

What is the Beurax securities fraud warning issued by the British Columbia Securities Commission?
The BCSC issued a warning on January 26th stating that Beurax is not registered to trade in or advise on securities and derivatives in British Columbia. The warning alerts residents to exercise caution when dealing with unregistered firms, equivalent to securities fraud warnings in other jurisdictions.

Who operates Beurax according to available information?
Beurax is officially fronted by Susan Pope, credited as Chief Marketing Officer and CEO. However, the company is believed to be operated by anonymous Russian and Ukrainian individuals engaged in fraudulent activities.

What regulatory actions have been taken against Beurax?
The British Columbia Securities Commission issued a warning on January 26th. Subsequently, South Africa's Financial Sector Conduct Authority issued its own warning against Beurax a few days later, indicating coordinated international regulatory concerns.

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