The Financial and Consumer Affairs Authority of Saskatchewan has issued a Cease Trade Order against Cryptobravos, Sam Oakley, and Richard Grant.

Cryptobravos appears to maintain a website, which offers information on how to trade and mine bitcoin and other cryptocurrencies. The parties appear to be violating provincial securities laws by engaging in trades with investors in Saskatchewan when they are not registered to trade or sell securities and derivatives in Saskatchewan.

Financial and Consumer Affairs Authority Director of Enforcement Harvey White says, “Before you send money or information to anyone, check to see if the company or individual is registered.”
The cease trade order directs that all trading in securities and derivatives by these parties cease until December 14. The order may be extended as necessary.

Anyone contacted by Cryptobravos or any company representatives should contact the Authority’s Securities Division at 306-787-5936.

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