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.

🤖 Quick Answer

What regulatory action did British Columbia take against USI-Tech?

What business model does USI-Tech employ?
USI-Tech advertises a 70 EUR return on investment for 50 EUR investments, presenting itself as a securities offering without obtaining registration with any securities regulator in jurisdictions where it operates.

Why is USI-Tech's offering considered illegal?
The offering of unregistered securities violates financial market regulations worldwide. USI-Tech has failed to register with securities regulators despite clearly offering securities in multiple jurisdictions globally.

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