Investigating Claims Involving Vortex Blockchain Technologies Inc.
The White Law Group is investigating potential securities claims involving broker dealers who may have unsuitably recommended Vortex Blockchain Technologies, Inc. to investors.
Vortex Blockchain Technologies Inc. provides “blockchain technology solutions,” according to Bloomberg. The Company engages in software and hardware development, bitcoin mining, fintech, cyber security, and artificial intelligence. Vortex Blockchain Technologies serves customers in the United States.
According to a litigation release on the SEC’s website today, the regulator has revoked the securities registration of Vortex Blockchain Technologies Inc. (VXBT). This comes after the temporary suspension of trading on September 23, 2020 due to a lack of current and accurate information about the company because it has not filed certain periodic reports with the SEC.
The revocation is effective as of October 23, 2020.
The company reportedly filed a form D to raise capital from investors in 2018. The total offering amount was purportedly $2,500,000.
Filing a Complaint against your Brokerage Firm
Brokerage firms have a responsibility to adequately disclose all risks before selling any investment and must consider suitability factors such as age, financial needs, and risk tolerance to name a few.
Firms that do not perform adequate due diligences on an investment or demonstrate a breach of fiduciary duty can be held accountable for losses incurred through FINRA arbitration.
If you are concerned about an investment in Vortex Blockchain Technologies Inc., The White Law Group may be able to help you by filing a complaint against your brokerage firm. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm, please visit https://www.whitesecuritieslaw.com.