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Ontario's Superior Court of Justice has certified a class action lawsuit against Binance, according to a report by Advisor.ca. The lawsuit alleges that Binance Holdings Limited violated securities law by offering crypto derivative products to retail investors without proper registration. Regulatory Scrutiny This latest development occurred amid increasing scrutiny from regulatory authorities, including the Ontario Securities Commission (OSC). In 2021, Binance promised to cease operations with Canadian investors in response to the OSC's scrutiny and later agreed to an undertaking with the OSC to halt trading activities in Ontario. However, the OSC 's investigation into possible regulatory breaches by the exchange is ongoing, with no formal allegations yet made against the company. The court noted that regulators have previously categorized crypto contracts as securities or derivatives, suggestin
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Activist investor Jana Partners recently disclosed a stake in the semiconductor company. * This article was originally published here
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