Warning Investors GoldnRise aka GoldanRise
Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
If you are looking for a reliable and trustworthy online broker, you might want to steer clear of GoldnRise aka GoldanRise. This is a scam brokerage that has been recently issued a warning by the Alberta Securities Commission (ASC) for operating without registration and violating securities and derivatives laws. In this blog post, we will explain what GoldnRise aka GoldanRise is, how it operates, and why you should avoid it at all costs.
Regulation and Compliance:
One of the most important factors to consider when choosing an online broker is whether it is regulated and compliant with the relevant laws and authorities. Regulation and compliance ensure that the broker follows ethical and professional standards, protects the interests and funds of its clients, and adheres to anti-money laundering and anti-fraud policies. GoldnRise aka GoldanRise, however, is not regulated or compliant with any authority. In fact, it has been warned by the ASC for soliciting investors in Alberta without being registered as a dealer or adviser, and for offering securities or derivatives that have not been qualified by a prospectus or an exemption from prospectus requirements. This means that GoldnRise aka GoldanRise is operating illegally and exposing its clients to high risks of losing their money.
Another factor to consider when choosing an online broker is the quality and availability of its customer support. A good broker should provide its clients with prompt, courteous, and helpful assistance in case of any issues or queries. GoldnRise aka GoldanRise, however, does not offer any customer support at all. The only way to contact them is through an email address that does not respond to any messages. There is no phone number, live chat, or physical address provided on their website. This means that if you encounter any problems with your account, transactions, or withdrawals, you will have no one to turn to for help.
A third factor to consider when choosing an online broker is the feedback and reviews from other customers who have used its services. A good broker should have a positive reputation and a high level of customer satisfaction. GoldnRise aka GoldanRise, however, has a very negative reputation and a low level of customer satisfaction. There are numerous complaints and warnings from other customers who have been scammed by this brokerage. They report that GoldnRise aka GoldanRise has refused to process their withdrawal requests, blocked their access to their accounts, manipulated their trading results, and harassed them with phone calls and emails.
Measures to Avoid Scam Brokerages:
Given the prevalence and sophistication of scam brokerages like GoldnRise aka GoldanRise, it is important to take some measures to avoid falling victim to such fraudulent schemes. Here are some tips to help you protect yourself from scam brokerages:
– Do your research before investing with any online broker. Check their website, registration status, regulatory authority, customer reviews, and contact details.
– Be wary of any broker that offers unrealistic returns, bonuses, or guarantees. If it sounds too good to be true, it probably is.
– Be cautious of any broker that pressures you to deposit more money, trade more frequently, or accept their advice without question.
– Be careful of any broker that asks you for personal or financial information that is not relevant to your account or transactions.
– Be alert of any broker that makes it difficult or impossible for you to withdraw your money or close your account.
– Report any suspicious or fraudulent activity to the relevant authorities as soon as possible.
GoldnRise aka GoldanRise is a scam brokerage that has been warned by the ASC for violating securities and derivatives laws. It is not regulated or compliant with any authority, it does not offer any customer support, and it has a very negative reputation and a low level of customer satisfaction. It is advisable to avoid this brokerage at all costs and take some measures to protect yourself from scam brokerages in general.