| Name | Karatbars International GmbH, Karatbit Exchange |
|---|---|
| Issued By | Ontario Securities Commission (OSC) |
| Date | |
| Last known city and country of residence, or, the purported base of operation of each person or entity | Vaihinger Strabe 149A, Stuttgart, Germany |
| Supporting Documents | Link to press release or alert information on issuing jurisdiction's website [2/25/2021 2:40 PM][English] |
| Note | Karatbars International GmbH and Karatbit (including Karatbit Exchange) are not registered or recognized in Ontario, Canada to engage in either the business of trading in securities or the facilitation of transactions relating to securities (including buying and selling securities), respectively. |
What this means for you test
If you deal with this firm, you won't have access to the Financial Ombudsman Service if you have a complaint. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business.How to protect yourself
You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it's offering you. You'll also be able to find:- information on how you're protected
- contact details for authorised firms