Suretrader suspended 5 days

Seems they were suspended 5 days by the Securities Commission of Bahamas.

 

Do you know why?

 

The Securities Commission of The Bahamas has notified the firm that, pursuant to sections 133(1)(b) and (f), and 133(3) of the Securities Industry Act, 2011 (“the Act”), SASL’s continued registration under the Act is suspended for five (5) days, ending Tuesday September 24, 2019.

I didn't know Suretrader is a broker out of the Bahamas. Wasn't the Bahamas recently wiped out by a hurricane ?

wrbtrader

 

yes it was but I doubt that was the reason , I suspect some sort impropriety.

 

The Bahamas extends nearly 600 miles, the hurricane only really damaged the Abacos and Grand Bahama. While it's doubtful that Suretrader actually has any humans or infrastructure in the Bahamas, if they did one would expect it to be in Nassau which wasn't impacted.

 

They are in Nassau. I have even seen where they are. And no, I am sure its because they are fishy at best. Anyone who has been to Nassau would not be surprised.

 

The guy that owns suretrader is a dicey fellow.

Very dicey

 

Wow suretrader is still around hahaha and people still use them?

 

scams are the oldest profession ( accept mine).