@FxEJ - Yeah I never thought they will require us to be an Accredited Investor for us to start trading… which obviously we’re not. I was discouraged to continue but then I saw this forum which is a huge relief. I just hope we’re not doing anything illegal.
I also contacted ASC via email and this is what they told me:
“Any firm dealing in, or advising on, securities in the Province of Alberta, Canada, must be registered in Alberta, in order for that firm to maintain clients from this jurisdiction. Registration in the home jurisdiction of the firm is not enough to allow them to maintain a client list in Alberta. You may want to contact the Australian authorities and ask them if firms registered with them have to obey local rules and regulations where they are conducting business. You may wish to consider contacting the Canada Revenue Agency to determine what the status of your investments would be from a loss/profit perspective if your firm is not registered in Alberta as is required under the Alberta Securities Act.”