The British Columbia Securities Commission (BCSC) has issued a warning to investors about a B.C. company called Vancouver Stock Exchange Corp. (VSEC), which appears to have been issuing stock exchange listings to companies in China and B.C.
VSEC claims to operate from Kitimat, B.C., with an enquiry centre in Shenzhen, China.
VSE no longer exists
“VSEC holds itself out as being the old Vancouver Stock Exchange (VSE),” stated the BCSC in a press release issued July 19. “In fact, the VSE no longer exists, as it merged with another stock exchange in 1999. VSEC claims that, in June of 2016, the old Vancouver Stock Exchange was reinstated as an independent exchange.”
Not authorized to operate as an exchange
VSEC is not authorized to operate as an exchange in B.C., because it is not recognized as an exchange by the BCSC. However, on VSEC’s website, located at http://www.vcvse.com, it lists companies it claims to have approved for listing and capital raising, says the regulator.
The BSCS asks anyone with information about VSEC to contact the BCSC by phone at 604-899-6854 or 1-800-373-6393, or by e-mail at firstname.lastname@example.org.