NovatechFX, Novatech has received its first cease and desist order from The United States of America by California Regulators.
Does this mean the end for Novatech and its investors?
Novatech and NovatechFX has been instructing their members to not use the words ‘investment’ and ROI in any marketing material.
This strategy is a desperate attempt to refrain from getting the attention from Securities Regulators around the world and especially the US.
Apparently it’s not working…
Novatechfx and Novatech Cease and Desist Order California:
Defendants/Respondents: Nova Tech Ltd. aka NovaTech, Ltd., www.novatechfx.com; NovaTech Advisors, LLC, www.novatechfx.com; NovaPay, LLC; NovaTrading OÜ; Petion, Cynthia; Petion, Eddy
According to the DFPI…
The Commissioner of Financial Protection and Innovation (Commissioner) finds that:
- The Department of Financial Protection and Innovation (Department) regulates the
offer and sale of securities in California under the Corporate Securities Law of 1968 (Cal. Corp. Code
§§ 25000-25707) (CSL).
- At all relevant times, Nova Tech Ltd. a/k/a NovaTech, Ltd. is and was a business
registered in Saint Vincent and the Grenadines with a principal place of business at Griffith Corporate
Centre, Suite 305, Beachmont, Kingstown, St. Vincent and the Grenadines.
- At all relevant times, NovaTech Advisors, LLC is and was a Florida limited liability
company with a principal place of business at 1825 Northwest Corporate Boulevard, #110, Boca
You can read more about that: here.
Top Countries To Novatechfx.com:
Some of the Novatech MLM Promoters don’t think that that Fraud Warnings in other countries make a difference:
But new investors may refrain from investing into Novatech and Novatechfx deeming ‘fraud warnings’ a high risk.
Cynthia and Eddy Petion were the President and Vice President of The AWS Mining Scam that decided to shut their doors after receiving a ‘cease and desist’ order from the State of Texas back in 2018.
Then in 2019 they started Novatechfx to ‘help’ people.
But the problem is they knew very well that there was no Mining happening with AWS but decided to scam people anyway.
And history seem to be repeating itself since NovatechFX has no evidence of Forex Trading.
Rory Singh is a Home Business Development Coach, Blogger and You Tube Publisher
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