The Ontario court in Canada sued Binance for violating securities laws
2024-04-23 00:32:23
According to FinanceFeeds, the Ontario Superior Court in Canada has filed a class action lawsuit against Binance cryptocurrency trading platform, alleging that it violated securities laws by selling crypto derivatives to retail investors without registration.
The lawsuit seeks damages and the rescission of those transactions. It also alleges that Binance's business failed to make the necessary registrations and prospectus filings as required by securities regulations. The court noted in its ruling: The plaintiffs allege that the sales were illegal and void due to the lack of the necessary registrations.
The lawsuit seeks damages and the rescission of those transactions. It also alleges that Binance's business failed to make the necessary registrations and prospectus filings as required by securities regulations. The court noted in its ruling: The plaintiffs allege that the sales were illegal and void due to the lack of the necessary registrations.
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