PattrickPretty.com spotted this news first.
WCM and WCM777 have accepted an consent order with US State of Massachusetts Securities Division, that it will refund any and all residents of Massachusetts, which is believed to number about 160, almost all exclusively in the state's Brazilian community. Apparently the state has been aware of of WCM777 since at least September 2013, and backtracked violations since March 2013.
Without admitting guilt, WCM777/WCM agrees to stop marketing their illegal securities in MA, and offer to refund all participants their money. Company has 15 days to submit a report that it has contacted all participants, with proof, that it has refunded, or attempted to do so.
Actual press release by State of Massachusesetts can be read here:
http://www.sec.state.ma.us/sct/current/sctworldcapital/world-capital-markets-consent-order.pdf
WCM and WCM777 have accepted an consent order with US State of Massachusetts Securities Division, that it will refund any and all residents of Massachusetts, which is believed to number about 160, almost all exclusively in the state's Brazilian community. Apparently the state has been aware of of WCM777 since at least September 2013, and backtracked violations since March 2013.
Without admitting guilt, WCM777/WCM agrees to stop marketing their illegal securities in MA, and offer to refund all participants their money. Company has 15 days to submit a report that it has contacted all participants, with proof, that it has refunded, or attempted to do so.
Actual press release by State of Massachusesetts can be read here:
http://www.sec.state.ma.us/sct/current/sctworldcapital/world-capital-markets-consent-order.pdf