Quebec’s Autorite des Marches Financiers has added Mirror Buying and selling Worldwide to its listing of unlawful web sites and corporations.
The AMF states that unlawful firms on its listing “solicit buyers illegally”.
It is because Mirror Buying and selling Worldwide just isn’t registered to supply securities in Canada, or certainly wherever else on the earth.
Mirror Buying and selling Worldwide being licensed unlawful in Canada follows a securities fraud warning in Texas, and an on going investigation in South Africa.
Mirror Buying and selling Worldwide didn’t overturn a securities fraud stop and desist issued by the Texas State Securities Board in July.
The thirty-day response deadline has lengthy since expired. Though the TSSB hasn’t formally licensed MTI’s authorized standing in Texas, failing to overturn the stop and desist renders it everlasting.
Securities legislation is materially the identical throughout the US, that means Texas’ ban may be extrapolated nationwide.
In South Africa authorities raided properties and seized belongings linked to MTI in October. We haven’t had any updates since however the investigation is ongoing.
Mirror Buying and selling Worldwide is run by Cornelius Johannes Steynberg (proper) from South Africa itself.
On the time of publication Alexa site visitors estimates reveal MTI is primarily energetic in South Africa, Mexico and India.
Footnote: The AMF’s unlawful firm listing is topic to alter. Mirror Buying and selling Worldwide appeared on the AMF’s listing on the time of publication.
If you happen to’re studying this text some time after publication, there’s a chance AMF has since eliminated MTI from its listing.