INVESTORS WARNED ABOUT CRYPTOCURRENCY INVESTMENTS

May 22, 2018

By Michael Kramer

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An operation to warn investors in Canada and the U-S about cryptocurrency-related investment schemes – has resulted in nearly 70 inquiries and investigations since the beginning of the month.

The North American Securities Administrators Association says there are 35 pending or completed enforcement actions – related to initial coin offerings or cryptocurrencies.

Operation Cryptosweep includes more than 40 provincial and territorial securities regulators – including the Ontario Securities Commission.

O-S-C executive director Leslie Byberg says in a statement that investors should always check whether they are dealing with a registered individual or firm – and carefully consider risks associated with investing in these cryptocurrencies.

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