The payment of costs helps to reduce the burden on market participants to pay for investigations and https://forex-reviews.org/ proceedings. We recognize that the agreement is the product of negotiation between Staff and Ava Trade. The Commission respects the negotiation process and accords significant deference to the resolution reached by the parties. The Commission’s role at a settlement hearing is to determine whether the negotiated result falls within a range of reasonable outcomes, and whether it would be in the public interest to make the order requested.

In those accounts, the investors traded contracts for differences , through which the investors gained exposure to various underlying assets. The company is also the subject of several investor cautions and warnings issued by Ontario, Quebec and British Columbia. Staff of the Commission and Ava Trade have agreed that this conduct contravened Ontario securities law, and they have jointly submitted a settlement agreement for our approval. We conclude that it would be in the public interest to approve that settlement agreement. Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language.

Ava Trade Ltd.

The registration and prospectus requirements are cornerstones of Ontario securities law and they serve an important investor protection purpose. It must be clear to all who participate in Ontario’s capital markets, including offshore entities, that great care must be taken to comply with our regulatory requirements. In our view, the terms of the settlement fall within a range of reasonable outcomes in the circumstances. The settlement also properly reflects the principles applicable to sanctions, including recognition of the seriousness of the misconduct and the importance of fostering investor protection and confidence in the capital markets. Ava Trade Ltd. is a British Virgin Islands-based entity that is licensed by the British Virgin Islands Financial Services Commission to deal in securities. Despite that fact, from 2015 to 2018 Ava Trade opened and operated approximately 1400 accounts for Ontario investors.

• The Commission respects the negotiation process and accords significant deference to the resolution reached by the parties.
• Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator.
• The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system.
• For these reasons, we conclude that it is in the public interest to approve the settlement.
• The settlement also properly reflects the principles applicable to sanctions, including recognition of the seriousness of the misconduct and the importance of fostering investor protection and confidence in the capital markets.

avatrade review is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English. We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC. We have reviewed this settlement in detail, and we conducted two confidential settlement conferences with counsel for both parties. The following reasons have been prepared for publication in the Ontario Securities Commission Bulletin, based on the reasons delivered orally at the hearing, and as edited and approved by the Panel, to provide a public record. Ava Trade Ltd. claims to be a regulated on-line broker, based in the British Virgin Islands.

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The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats . Ava Trade Ltd. is not registered to trade in, or advise on, securities or exchange contracts in BC. For these reasons, we conclude that it is in the public interest to approve the settlement. We will therefore issue an order substantially in the form of the draft attached to the settlement agreement.