Binance faces class-action lawsuit in Canada for allegedly violating securities laws by selling crypto derivatives
According to a new class action lawsuit filed in Canada, Binance is accused of violating local securities laws. On April 19th, the Ontario Superior Court of Justice issued a certification motion to bring a class action lawsuit against Binance, accusing the company of selling cryptocurrency derivative products to retail investors without registration. According to the plaintiffs represented by Christopher Lochan and Jeremy Leeder, Binance violated the Ontario Securities Act (OSA) and federal law by selling cryptocurrency derivative products. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Expert Says Memecoins Are Ready for a Major Comeback
U.S. Bitcoin ETFs See $494 Million Surge in Six-Day Inflow Streak
Bullish Pattern Drives PEPE’s Potential as Asset Sees 45% Price Surge to $0.000017