News release

Investor Alert for SBlock-Trade and SblockTrade.Tech

Nova Scotia Securities Commission

The Nova Scotia Securities Commission is alerting investors that SBlock-Trade and SblockTrade.Tech are not registered to trade in securities or derivatives in Nova Scotia.

SBlock-Trade, https://www.SblockTrade.Tech , claims to be an online investment platform for forex and cryptocurrencies. SBlock-Trade claims to be based out of the City of Nova Scotia in Canada. It also claims to be based out of the United Kingdom and Bogota, Colombia.

SBlock-Trade is soliciting investors to open trading accounts on its platform and encourages funding accounts with Bitcoin. It claims to have earned 187 per cent on investments within 60 days and offers purported substantial returns of 30 per cent to 50 per cent within one week of investing.

If people have had contact with SBlock-Trade or have been approached with an investment opportunity they believe may be fraudulent they are asked to contact the commission.

Quotes:

“Remember, if it sounds too good to be true, it probably is. This operation carries the hallmarks of investment fraud. Becoming an informed investor is your best protection from long-term damaging effects to your financial well-being.”

– Stephanie Atkinson, acting director of enforcement, Nova Scotia Securities Commission

Quick Facts:

  • it is illegal to solicit investments in Nova Scotia without registering with the commission and complying with Nova Scotia securities laws

Additional Resources:

File a complaint or report a scam to the Nova Scotia Securities Commission: https://nssc.novascotia.ca/recognize-and-report-scam

To see if a company or person is registered, visit: https://www.securities-administrators.ca/nrs/nrsearchprep.aspx