Regulator says securities laws were breached by scheme, which raised $190,000 from investors
The Alberta Securities Commission (ASC) has accused Jan Gregory Cerato, also known as Jan Strzepka, of engaging in illegal distributions of securities.
The ASC alleges that Cerato solicited members of the public to invest in a fund, referred to as the “Whale Club”, that would pool investor capital to buy, trade and hold cryptocurrencies in order to generate a profit.
Cerato is said to have begun issuing Whale Club investments in December 2017, raising at least $190,000. The Notice of Hearing alleges that Cerato breached securities laws by selling these investments without a prospectus and without qualifying for any prospectus exemptions.
The allegations have not been proven.
An appearance to set a date for a hearing will be held on Wednesday, April 15.
