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Headline : Binance kicks off embarrassing week with class action lawsuit in Canada

Read more from the original article on here at coingeek.com.




Tags : #binance #kicks #off #embarrassing #week #class #action #lawsuit #canada


No. of Paragraph 35

Home » Business » Binance kicks off embarrassing week with class action lawsuit in Canada

A new Canadian class action against Binance accuses the company of selling digital asset derivative products to retail investors without registration and reveals that the company is still under investigation by the Ontario Securities Commission, despite having announced its departure from the country in May 2023.

A class action lawsuit filed last week with the Superior Court of Justice in Ontario, Canada, accused Binance of violating local securities laws by selling digital asset derivative products to retail investors without registration.

According to the April 19 certification motion, the plaintiffs, represented by Christopher Lochan and Jeremy Leeder, allege Binance violated the Ontario Securities Act (OSA) and federal law by selling digital asset derivatives products, with the lawsuit seeking damages and rescission of unlawful derivatives trades.

Read more from the original article on here at coingeek.com.


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