Investor Alert for Quantum Code

first_imgThe Nova Scotia Securities Commission is alerting investors that Quantum Code, also known as Quantum Code Software, is not registered to trade securities in Nova Scotia. Quantum claims to offer a “100 per cent guaranteed way to make profits everyday” using their unique trading platform for binary options. At least one Nova Scotian was lured by a Facebook advertisement to view an online video explaining Quantum’s platform. Binary options are essentially “bets” on how a particular underlying asset will perform in a limited amount of time. Despite appearing to operate out of Canada or the USA, many binary options trading platforms are based overseas in countries like Cyprus, Belize and the Seychelles, and the companies managing these platforms are often not registered to conduct business in Canada. “These types of promotional videos prey upon people’s biggest financial dreams, offering ‘free’ software and impossible to refuse guarantees” said Heidi Schedler, senior enforcement counsel with the commission. “But investors are required to provide credit card information when signing up, despite the claims that all services offered are free. These promotions are, quite literally, too good to be true, and Nova Scotians should be very cautious when providing any personal or financial information online.” The commission urges Nova Scotians to exercise extreme caution when dealing with firms that are not registered in Nova Scotia. It is illegal to solicit investments in Nova Scotia without registering with the commission and complying with Nova Scotia securities laws. To see if a company or person is registered, you can check the Canadian Securities Administrators’ National Registration Search.http://www.securities-administrators.ca/nrs/nrsearch.aspx?id=850 To report a scam: http://nssc.novascotia.ca/recognize-and-report-scam The Nova Scotia Securities Commission is the provincial government agency responsible for regulating the investment industry in the province. -30-last_img read more

UN to present human rights report on conditions in Iraq by end

The document will address the treatment of detainees as well as the military-security situation, including acts of terrorism, the UN Office of the High Commissioner for Human Rights announced today.The report will also deal with protection of civilians, displacement, the situation of women and children, freedom of religion or belief, other core rights, oversight and accountability and human rights institutions.The Acting UN High Commissioner for Human Rights, Bertrand Ramcharan, has requested information for the inquiry from L. Paul Bremer, the US Administrator in Iraq, members of the Iraqi Governing Council, and the Foreign Ministers of countries participating in the coalition. He has also contacted concerned international and non-governmental organizations (NGOs).The team working on the report, which will cover the period from April 2003 to May 2004, plans to visit Amman, Jordan; Beirut and other capitals neighbouring Iraq to conduct interviews on the matter. Should circumstances permit, “the Acting High Commissioner and members of his team would be ready to visit Baghdad for consultations with coalition and Iraqi leaders,” the UN rights office said in a statement released in Geneva.Speaking to reporters there yesterday, UN spokesman José Luis Díaz said long-time human rights expert Jakob Moller would be involved in preparing the report, which will also be released to the press. read more