The British Columbia Securities Commission Issued a Warning against Chelsea Investments

The British Columbia Securities Commission has issued a warning against an online trading service provider. According to the British Columbia Securities Commission (BCSC), the name of the trading platform is Chelsea Investments.

The trading platform is offering its services to the locals in British Columbia (BC) without being registered. The regulatory authority is concerned about the financial services and the products the particular platform has been offering the locals of BC.

As per the regulatory authority, Chelsea Investments is not regulated to operate in British Columbia at all. The trading service provider cannot offer financial trading services or products to the locals of British Columbia.

The investors are putting their funds and money at a great risk if they do not take precaution and continue interacting with it. The investors in British Columbia may end up losing their money and funds if they continue interacting with an unregistered firm.

Caution for the BC Locals

The British Columbia Securities Commission has cautioned all the locals in British Columbia to avoid interacting with Chelsea Investments. The firm is unregistered in British Columbia, meaning it has no authorization to operate and provide financial services in the country.

Therefore, the firm cannot reach out to the locals through any medium or channel, and try selling them financial services or products.

Unregistered in British Columbia

If any firm wants to offer financial products and services to the locals in British Columbia, then it needs to be registered. The firm needs an operating license to interact with the British Colombian locals and offer them their financial services.

However, if a firm is not registered, then it cannot offer financial services to the locals. Therefore, Chelsea Investments is in breach of the regulatory framework if it is not adhering to the guidelines.

Not adhering to the regulations and offering financial services to the locals without registering itself is illegal in British Columbia.

The British Columbia Securities Commission is the only regulatory authority in the country that can grant the license to firms for offering financial services.

The BCSC has confirmed that Chelsea Investments has requested or has applied for no license before offering its services to the locals.

Chelsea Investments is Unsafe for Investors

Based on the above, the investors must remain cautious and should not get involved with making invests in the firm. Being unregistered means that the firm is not eligible to offer its services to the BC locals.

Therefore, any financial service that the platform is offering is unprotected and the regulators may not be able to provide them with any kind of protection. It is extremely alarming for the investors as the firm may be interacting with them only to steal their money and funds.

The authorities have clearly advised the entire investment community in British Columbia not to trust them with their money or personal information. The regulators have stated that there is a possibility that Chelsea Investments may be claiming to offer investors with high benefits.

The firm may be offering high returns that may be unrealistic for any firm to offer their investors. If that is happening then it is a clear indication that the firm is involved in running a scam.

The BCSC has advised all the locals in British Columbia not to invest their money or share their sensitive information with Chelsea Investments.

Services Offered by Chelsea Investments

The website for Chelsea Investments is https://chelsea-investments.com and the firm is reportedly offering multiple trading assets to the locals of British Columbia.

The firm claims that it offers hundreds digital assets and the most prominent assets include commodities, indices, forex, and cryptocurrencies.

The investors must remain cautious and try their best not to get lured or attracted by any of the services that the platform has to offer. The regulators cannot recover the lost funds of the investors if they are lost to unregulated and unregistered entity.