8. Recently, the government of the People’s Republic of China provided new guidance to and placed restrictions on China-based companies raising capital offshore, including through associated offshore shell companies. remember me on this device. Is Novatech registered? 4. Who is Novatech? 9. i This guide was prepared by the staff of the U. Since at least 2014, Bittrex has held itself out as a platform that facilitated buying and selling of crypto assets that the. Pending Application for Registration of Securities – CGFD Licensing Division. Enter Username. VISION. Mining. Submit a insider report late fee payment. Series 24, 26, And 62 Modified. Forgot User name or password? Click this link. NovaTech, LTD. This means they are not authorized to offer trading in securities to anyone located in the province. is not registered with a securities regulator in any province or territory. In this video, I walk through how to enroll with novatech and. The Series and Class Report provides basic identification information for all active registered investment company series and classes have been issued IDs by the Commission. The Wells notice comes out of the investigation that we disclosed last summer. S. gov. In the case of NovaTech FX, the allegations suggest that the company may have misled investors about the nature and safety of their investments, which is a grave violation of securities laws in many jurisdictions. TORONTO, March 17, 2023 /CNW/ - The Canadian Securities Administrators (CSA) is warning the public that Nova Tech Ltd (NovaTech), which operates the website is not registered. Shortly after that investigation began, the SEC asked us if we would be interested in discussing a potential resolution that would include registering some portion of our business with the. If a small business is offering and selling securities, even if to just one person, the offer and sale of the securities must either be registered with the SEC or conducted in accordance with one of the many registration exemptions under the Securities Act. BBB File Opened: 2/15/1998. Registered Security: 1. Theft or misappropriation of funds or securities. The Securities and Exchange Commission today announced it had finalized reforms under the Investment Advisers Act to modernize rules that govern investment adviser advertisements and payments to solicitors. Business Incorporated: 2/14/1994. . Rule 144A: Rule 144(a) is a Securities and Exchange Commission (SEC) rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to. Inquiries on Pending Applications/ Submission of Supplemental Requirements for Registrant Corporations with Less Than Five Incorporators (e. Securities And Exchange Commission - SEC: The U. You can also sort any column based on preferences. Novatechfx has registered the domain name for novatechfx. Mutual Funds / Registered Issuer of Proprietary Shares or Certificates and Timeshares – MSRD Securities Registration Division. Certain internet advisers who provide advice through an interactive website may register with the SEC. Several institutions, including the Central Bank of Russia and California, also issued warnings against NovaTech FX. In this video, I walk through how to enroll with novatech and register for your novatech PAMM account. Washington D. NovaTech Ltd. Securities that are exempt from SEC registration include private offerings to a limited number of buyers, offerings of a limited size, intrastate offerings, and municipal, state and federal. Note: Additional documents/information are required depending on the product availed via GCashPro. NovaTech FX investors are claiming the FBI audited and approved the suspected Ponzi scheme. falsely representing that NovaTech is a registered broker; d. Onique Campbell • Oct 13, 2022 Novatech Office Home Request Your Novatech Portfolio Is Novatech a Registered Hedge Fund? Consumer Notice: Is Novatech a Registered Hedge Fund? A hedge fund is a private investment fund that is used by institutional investors and high-net-worth individuals. 11, 2023 in NovaTech FX. Welcome to the Financial Services Authority’s Entity Name Search. During the course of the investigation, the Commission found evidence that NovaTech appeared to have traded securities without registration and without an exemption to the registration NovaTech Ltd. When it comes to the NoveTech affiliate membership, it will run you $49. 401k, and make informed retirement decisions today. Enter CAPTCHA. Securities and Exchange Commission’s Form BD and other registration filings must be submitted and stored as part of the Central Registration Depository (CRD) program, which supports the licensing and registration filing requirements of the U. NovaTech requires a minimum deposit of $99 and offers a maximum leverage of 1:100. Bronze Package – investment of $500 – $2499, $35 monthly fee. Philip Verges, James D. If NovaTech FX wanted to operate legally, all they had to do was register with the SEC, Canada’s financial regulators and file periodic audited financial reports. OPC Resolution stating the name of the single stockholder, corporate name, amended provision/s including the date and place of signing. This is the equivalent of a securities fraud warning in other jurisdictions. Securities fraud is illegal regardless of the medium used to commit it (cryptocurrency, tulips, beanie babies etc. The Securities and Exchange Commission today charged eight companies for failing to disclose in SEC Form 12b-25 filings that their request for seeking a delayed quarterly or annual reporting filing was caused by an anticipated restatement or correction of prior financial reporting. No specific details are provided which, when combined with the. falsely representing that NovaTech is a registered investment adviser; c. The SCC is Virginia's central filing office for corporations, partnerships, limited liability companies and business trusts. Chapter 12: Follow-On Offerings and Shelf Registrations. states and territories. Novatechfx. The. TORONTO, Feb. The Securities and Exchange Commission oversees securities exchanges, securities brokers and dealers, investment advisors, and mutual funds in an effort to promote fair dealing, the disclosure of important market information, and to prevent fraud. 2 million remained available for. C. NovaTech failed to comply with the terms of the TCTO. Advisers who are exempt from investment adviser registration with the SEC must still comply with applicable state law. After keying your options, click the Search Corporations icon to generate your search results. Most candidates devote. S. Prior to regulators in Canada and the US issuing cease and desists, co-founder and CEO Cynthia Petion flat out denied. “Non-Stock Corporation” – refers to a corporation with no authorized capital stock and no part of its income is distributable as dividends to its members, trustees, or officers. Step 2: Select Your Entity. The company’s address was registered to be in Vatican City. The U. 3, Series of 2007SEC business name registration is a mandatory requirement for entrepreneurs who will start a corporation or partnership business. On June 17th, 2019, the domain “navatechfx. The Securities and Exchange Commission today proposed rule changes to enhance protections of customer assets managed by registered investment advisers. 1140. com. NovaTech Ltd. Investors should also be aware that the company has been accused of engaging in fraudulent activities and should be wary of any promises of high returns or other incentives. The Securities and Exchange Commission has adopted new rules to improve the governance of all registered clearing agencies by reducing the likelihood that conflicts of interest may influence their boards of directors or equivalent governing bodies. The enrollment process of all registered corporations/ partnerships will start on 15 March 2021. How do you service a Novatec hub? Novatec Rear Hub Service – YouTube. 401k login, 401k plan name, administrator, EIN, phone number, and address. Save Your Search. In this video, I walk through how to enroll with novatech and register for your novatech PAMM account. SEC. CAPTCHA Security code. If you would like to earn extra income to supplement y. NovaTech claims to be legally registered as Saint Vincent and the Grenadines, but we are unable to verify incorporation details. It was kind of obvious that this was a scam from the beginning. So, overall, If you are looking for a detailed NovaTech FX review, then you are in the right place. One of the central elements of the regulatory program is the requirement that a person or firm meeting the. Yes. This means they are not authorized to offer trading in any securities or derivatives to. 15, 2023 —. SimilarWeb tracked over 2. 05/10/2001. ). com for more than one year, which may indicate stability and longevity. 1. The email addresses will serve as a means to send out the SEC Bulletin to its subscribers. On February 16th, the warning escalated to a temporary cease trading order by the OSC, turning up the heat on NovaTech FX’s Ponzi potluck. DFPI’s November twenty second stop and desist applies to: NovaTech LTD (St. Question 128. Rules and Regulations. Investors should be aware that the company is not registered with the SEC and is not subject to the same regulatory oversight as registered investment firms. NovaTech has never been registered with the Commission in any capacity and has never filed a prospectus with the Commission; k. NovaTech is Ponzi SchemeThey sold these securities without registration and without prospectus disclosure. e. In the December 13th alert, the FCAA identifies NovaTech FX as “an opportunity to invest and trade stocks, forex, and cryptocurrency,” which, according to the alert, constitutes a securities offering, which they are not registered to. Securities in the US are regulated by the SEC, with which NovaTech FX is also not registered. The listed owner is NovaTech LTD May. ICOs that are securities most likely need to be registered with the SEC or fall under an exemption to registration. Enter Username. In return, investors receive an interest in the fund. falsely representing that NovaTech is a registered investment adviser; c. WHY COLLECT The collected email addresses will be utilized solely for the mailing list. com 's industry. We urge BC residents to exercise. Registration and compliance. Too. SimilarWeb tracks the US as the largest source of traffic to NovaTech FX’s website (68%). falsely representing that NovaTech is a registered hedge fund in the United States; b. Sarbanes-Oxley Act of 2002. Since the start of 2021, the Securities and Exchange Commission (SEC) in the Philippines was able. 11, 2023 in NovaTech FX. 60 reviews for Novatechfx, 3. ft. High-Yield Investment Programs. Practically speaking the move means little but it’s the loudest acknowledgement of securities fraud yet. 12 KB) STAY CONNECTED 1 Twitter 2 Facebook 3 RSS 4 YouTube 6 LinkedIn 8 Email Updates. NovaTech, a firm associated with AW S Mining, a crypto mining organization ordered to cease operations in Texas by the Securities Commissioner in. The primary purpose of the SEC is to enforce the law against market manipulation. National Registration Search. We have expanded on all of these issues in. Advisers to business development companies, when the adviser has at least $25 million of RAUM, must register with the SEC. Section 3(a)(9) of the Securities Act may also provide an exemption from registration for use in connection with an exchange offer, but is often not of practical use because it requires. NovaTech, LTD Suite 305, Griffith Corporate Center PO Box 1510 Beachmont Kingstown, Saint George, VC01201140. Washington D. The U. claims to be located in Florida and it also claims to offer trading services by an experienced team of traders. S. Each business is registered with business name, principal address,. An issuer must register each offering of securities to the public on a 1933 Act registration statement unless an exemption from registration is available. Washington D. Get insights into your Novatech, L. To check the status of this licensee, visit Financial Services and Mortgage Lending Licensees Search. Question: If an institutional purchaser buys a block of shelf-registered securities directly from the issuer, will the securities be deemed restricted securities? Answer: When there is a sale of a block of shelf-registered securities directly by the issuer to an institutional purchaser, the securities will not be deemed to be. We are aware that NovaTech Ltd. ’s foreign affiliate, Bittrex Global GmbH, for failing to register as a national securities exchange in connection with its operation of a single shared order book along with Bittrex. Tel： +886-2-23892999. This email addresses are to be incorporated in the mailing list created for the SEC Bulletin. However, this does not mean that it is not a legitimate company. A company issuing. The OSC urges investors always to check the registration of any person or business trying to sell them an investment or give them investment advice. Basic Requirements of Broker-Dealer Registration. SEC-registered investment advisers with at least $150 million in private funds assets under. Password Show. Note: . g. The email addresses will not be shared with outside parties of the SEC. The SEC also charged Bittrex, Inc. io” was registered on 6-17-2019. We offer high quality products designed to improve the customer's residential experience, with a range of architectural products for the residential market. The email addresses will serve as a means to send out the SEC Bulletin to its subscribers. NovaTech is quite clearly offering a passive investment opportunity, which in the context of regulation is a securities offering. SEC Approves Proposed Rule Change Establishing A New Limited Registration Category For Private Securities Offerings. 8, 2023 —. 07 s. Form ADV contains information about an investment adviser and its business operations. GroupMe. NovaTech requires a minimum deposit of $99 and offers a maximum leverage of 1:100. NovaTech is much more than a company delivering reliable trading services. •. , Robert F. All these topics factor into a financial advisor's day-to-day work. Only qualified investors, or. Fun Fact: An offshore shell company never stopped the SEC from regulating securities fraud. Who is Novatec? Novatec, Inc. Sign In Here. This Florida Limited Liability company is located at 1825 NW CORPORATE BLVD, BOCA RATON, FL, 33431, US and has been running for seven years. Register Now. Companies commonly utilize available exemptions from Securities Act registration under Regulation D, Section 4(a)(2) and Regulation S of the Securities Act. The SEC wouldn’t issue a state-level fine through the DFI. The Securities and Exchange Commission has adopted new rules to improve the governance of all registered clearing agencies by. Under Item 4. #novatech #novatechfx #nova #llc #passiveincome #ponzi #pyramid #pyramidscheme #viral #viralvideo #youtubevideo #trending #bitcoin #crypto #cryptotrading #cr. ph. Footnote: Here is the full communication NovaTech FX sent out to investors on February 5th; Dear Novatech Member, Since June of 2019 our focus at NovaTech has been to stimulate financial awareness, to a culture unaware of the amazing possibilities in the crypto and forex. 24 hours a day, 7 days a week. SEC Form ICA 7-A. Founders Cynthia Petion. l. List of Companies. C. The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of. An offering to 40 sophisticated investors. com also deserves a closer look. Its scheme is being driven by an international confederation of multilevel marketers that have collectively earned around. The OSC Whistleblower Program accepts tips on possible violations of Ontario securities law, offers protections for individuals who come forward, as well as a reward of up to $5 million for tips. Years in Business: 29. 25(1) of the Act;March 17, 2023. Enter their name in our Investment Adviser Public Disclosure (IAPD) website to see if they're registered. We would like to show you a description here but the site won’t allow us. S. SEDI is the System for Electronic Disclosure by Insiders, established by securities regulatory authorities. For a shareholder to sell securities (such as stock, bonds, equities) on the public stock market, the securities and sale need to be registered with the U. Oct. Alberta Securities Commission (ASC) added NovaTech FX to it’s Investment Caution List on October 14th, 2022. SEC CERTIFICATION EXAMINATIONS SCHEDULE IN NOVEMBER AND DECEMBER 2023 AT THE SEC. A hearing took place on March 2nd before the Capital Markets Tribunal, and just like an unwanted fruitcake at a holiday party, NovaTech FX was nowhere to be found. 2. Operation of Rule 144. 2. Domestic NON-STOCK CORPORATION. Canada currently ranks as NovaTech FX’s. Both firms and individuals must be registered with FINRA to conduct securities transactions and business with the investing public. com having a medium risk authoritative rank of 54. This means they are not authorized to offer trading in any securities or derivatives to. DOCUMENTARY REQUIREMENTS FOR REGISTRATION OF CORPORATIONS AND PARTNERSHIPS. 00 rank according to the work of 53 factors that are relevant to novatechfx. Your money is not safe. S. If the name is registered, a list of names will be displayed as shown below. The complaint seeks injunctive relief, disgorgement, and civil penalties. Registration statements and other reports must be filed with the SEC using the SEC’s Electronic Data Gathering, Analysis and Retrieval (EDGAR) system. NovaTech solicits investment on the promise of a weekly return, purportedly derived via forex trading. NovaTech FX has been issued a securities fraud stop and desist by California’s Division of Monetary Safety & Innovation (DFPI). Any security without a registration statement on file with the Securities and Exchange Commission (SEC) is considered "unregistered. Victims of NovaTech FX are advised to contact the SEC. Boolean and advanced searching, including addresses Search by:To prevent from being scammed, checking and verification of Primary SEC Registration and Secondary License of a company or corporation is a must. 00. Registered financial professionals are licensed sales personnel who work for broker-dealer firms. This dataset includes over one million business entities registered with the Clerk's Information System (CIS) of Virginia State Corporation Commission (SCC). This company has not filled out any form with the SEC till now apart from the initial company registration. Contact us, find our locations, schedule service, connect with support and manage your billing. We would like to collect personal data provided and input by you on this website in order to provide services to you. remember me on this device. The company appears to offer investment products and trading services through its website. Password Show. 2023/18. The SEC therefore has promulgated rules and regulations for all registered transfer agents, intended to facilitate the prompt and. Link to press release or alert information on issuing jurisdiction's website [English] Note. S. Voluntary dissolution In instances where no creditors are affected, corporations may apply for voluntary dissolution with the CRMD or the EO whose territorial jurisdiction includes the principal office address of the corporation. How much is the Novatech? 11. gov, the SEC’s website for individual investors. NovaTech was established in July of 2019 and has been pa. 1. Securities and Exchange Commission (SEC) proposed a rule that would effectively require registered investment advisors (RIA) to go outside the crypto industry for storing. SEC Proposes Rule Amendments and New Rule to Improve Risk Management and Resilience of Covered Clearing Agencies. The first step of the process is to reserve your name online. Many reputable companies choose not to register with the SEC in order to avoid the costs and red tape associated with doing so. Securities Exchange Act of 1934. This is the equivalent of a securities fraud warning in other jurisdictions. NovaTech has recently made a lot of changes to their withdrawal rules. Insider Report Late Fee Payment. q. Jumpstart Our Business Startups Act of 2012. Investment Advisers Act of 1940. Treasurer’s Affidavit. accepts orders from customers to purchase or sell securities either as principal or as agent for the customer (except as permitted by paragraphs (c) (1) (F) and (G) of CAB Rule 016); 4. The Commission has approved initial registration and annual IARD filing fees for investment advisers registered with the Commission or applying for registration with the Commission (see Release No. Recently, NovaTech FX talked about how they were audited by the FBI and passed even though CEO Cynthia Petion decided to burn the audit… j. are not registered with the ASC and that appear to be engaging in activities that either require registration under Alberta securities laws or may be investment scams. claims to be located in Florida and it also claims to offer trading services by an experienced team of traders. Click here to subscribe:* In this video I review and. Is Novatech legit Reddit? 6. Notice to Members - FYI - August 2000. CoinEx Allowed Investors in New York to Buy and Sell Crypto without Registering with the State. What is Novatech investment? 8. There are currently two active principals. DFPI’s November twenty second stop and desist applies to: NovaTech LTD (St. The income-producing real estate assets owned by a REIT may include real assets ( e. Learn More Got it!1. NovaTech FX has added the US and Canada to its list of “restricted areas and regions”. tw. This email addresses are to be incorporated in the mailing list created for the SEC Bulletin. Investment advisers to private funds must report on Form ADV general information about private funds that they manage, including basic organizational and operational information as well as information about the fund’s key service providers. On its website NovaTech claims to be “registered in the USA, British Virgin Islands and Estonia”. False or misleading statements about a company (including false or misleading. Description: Registration statement for securities of certain foreign private issuers (PDF) Last Updated: Sept. NovaTech solicits investment on the promise of a weekly return, purportedly derived via forex trading. That NovaTech FX is a scam is also a certainty, owing to it being a Ponzi scheme. 100 Pearl St. Nicholas’ claim suggests NovaTech FX’s ongoing withdrawal issues might be the result of the SEC and/or DOJ closing in on owners Cynthia and Eddy Petion. The public may access the SEC Express System when requesting for both plain and authenticated copies of the following documents on file with the SEC: The public may request for SEC. The U. Our Manufacturing facilities are located at Ambernath, Thane having an area of approx. If the class of securities to be registered will trade in the form of American Depositary Receipts, furnish Item 202(f) disclosure for such American Depositary Receipts as well. Cover Sheet. - Jan 23, 2021 - Updated Jan 18, 2023 NovaTech is an offshore broker. Speak with a Specialist: 866-488-2024. Tengco said. 🛑*All new content will be released on my other channel Trader's Landing. The Subjects Of These Alerts Are Persons Or Companies Who Appear To Be Engaging In Securities Activities That May Pose A Risk To Investors. Primary Registration. Section 17A(c) of the 1934 Act requires that transfer agents be registered with the SEC, or if the transfer agent is a bank, with a bank regulatory agency. C. Cover Sheet for Registration. g. These business activities have also attracted concerns by other Canadian and U. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. Get educated, find a good upline that will give it to you straight and Novatech will exceed your expectations. a. Registering an offering with the SEC would make your company a public. However, this does not. claims to be located in Florida and it also claims to offer trading services by an experienced team of traders. falsely representing that NovaTech is a registered hedge fund in the United States; b. Draft the compulsory papers required for the specific business entity you intend to register, which are as follows: Articles of Incorporation and By-laws. FOR IMMEDIATE RELEASE 2023-95 Washington D. 04. , mortgages). failing to disclose that the offer or sale of NovaTech’s securities was not qualified in California; e. BehindMLM can’t confirm NovaTech FX’s withdrawal problems are the result of an ongoing regulatory investigation. Washington D. Unfortunately, NovaTech does not have any information about who owns or runs the company on its company pages at this time. Item 11. 4 Consideration to be Issued Includes Registered Securities. , May 3, 2023 —. Company Type For Profit. Novatech Finvest (india) Private Limited is a Private incorporated on 24 June 1994. NovaTech LTD, an investment company, offers a forex, stocks and crypto trading platform. Registration: 1. Description of Registrant’s Securities to be Registered. Question: Can a company that files a Section 12(g) registration statement on Form 10, Form 20-F, or Form 8-A delay the effectiveness of the registration statement to a date after the 60-day period specified in Section 12(g)? Answer: No. It is a company with a clear mission to improve the global community we live in. The SEC Express System is an alternative mode of securing copies of Corporate or Partnership documents without having to personally come to the SEC. The. 13, 2022 in companies, NovaTech FX. Whether NovaTech FX commits securities fraud with cryptocurrency or any other medium is neither here nor there. NovaTech still pretending it’s run out of Saint Vincent and the Grenadines through a shell company; check. February 10, 2023. Any company may use Form S-1 to prepare a registration statement. d. " . Enter CAPTCHA. B. [Effective pursuant to SEC Release No. Nova Technology (Novatech), which specializes in chemical and gas equipment used in the semiconductor and display industries, expects to generate another annual revenue growth in 2023 as its chip. If you ever want to look up a particular investment advisor or broker, both the SEC and FINRA maintain a database where you could get some basic background information on things like registration status, employment history and disciplinary actions (if any). Ponzi schemes. MC No. Where the applicant has no operation since incorporation, submit: a. This means they are not authorized to offer trading in any securities or derivatives to anyone. Registered Firms / Individuals and Statistics - Securities and Exchange Commission. This is the equivalent of a securities fraud warning in other jurisdictions. Online Services SEC Company Registration System SEC eSPARC Electronic System for Payment to SEC (eSPAYSEC) SEC Capital Market Participants Registry System SEC Online Submission Tool MC28 Submission Portal SEC Express System SEC Express Nationwide Submission SEC Express Submission Appointment System Registration. An idiosyncrasy of the federal securities laws is that the term “regulation” often refers to a collection of rules for example, Regulation S-K and Regulation SHO. Our Head Office is located at Thane having an area of approx. National Securities Clearing Corporation (“NSCC”) Order Granting NSCC Full Registration, Release 34-20221. When selling securities, it's essential that you understand the difference between a registered and unregistered offering. Without admitting or denying the allegations, Tetreault agreed to settle the SEC’s charges. NovaTech may have traded securities without registration and without an applicable exemption from the registration requirement contrary to s. Toronto – The Canadian Securities Administrators (CSA) is warning the public that Nova Tech Ltd (NovaTech), which operates the website is not registered with a securities regulator in any province or territory in Canada. ” The Canadian Securities Administrators (CSA) is warning the public that NovaTech Ltd, a St Vincent and Grenadines incorporated company which operates the website is not registered with a securities regulator in any province or territory in Canada. Previously, the following entities are under Group B category: Clearing agency and clearing agency as depository; and Stock and securities exchange/s and other Self- Regulatory Organizations. Dorene Johnson and Brian Houlihan. The list below provides links to litigation releases concerning civil actions brought by the Commission in federal court. 4. I can confirm NovaTech the MLM opportunity is not registered with the SEC in the US. Issued By. C. Ontario Securities Commission (OSC) Date. Sign In Here. The Securities Act of 1933 (the “’33 Act”) requires all offers and sales of securities to be registered with the SEC or to fit within an exemption from registration. You can contact the SEC’s Office of Investor Education and Advocacy (OIEA) by phone at 1-800-732-0330, using this online form, or via email at Help@SEC. Last known city and country of residence, or, the purported base of operation of each person or entity. c. 1, Series of 2004 2 Sections 11, 12, Part D (Company Registration and Monitoring Department) SEC Memorandum Circular No. All applications and supporting documents must be in four (4) copies and in A4 size bond paper with a cover sheets. NovaTech may be in violation of provincial and territorial securities and derivatives law, including provisions related to unregulated trading and the illegal distribution of securities. If you’re a sole proprietor or self-employed individual, then this guide is not for you; go to our DTI registration guide instead. aka NovaTech, Ltd. 00) and at least two hundred (200. Toronto – The Canadian Securities Administrators (CSA) is warning the public that Nova Tech Ltd (NovaTech), which operates the website is not registered with a securities regulator in any province or territory in Canada. $1,254. The new members may be contributing to the payouts of old members. , Aug. Basic Requirements. Massachusetts Business Search Step 2. ACCEPTANCE OF REVIEWED INTERIM FS IN REGISTRATION OF SECURITIES FOR IPO 15 November 2023. prevention of fraud in the primary market.