About
Strideex.com (“SDX”) claims to be a cryptocurrency trading platform.
The Ron Online Investment Education Center at rononlineedu.com (“ROIEC”) claims to be an investor education resource.
Neither SDX nor ROIEC are registered as a broker-dealer or as a security exchange.
According to a complaint filed with the Securities Division, an investor lost over $1 million on SDX. He was introduced to SDX via ROIEC. When the investor sought to withdraw funds, SDX claimed that the Securities and Exchange Commission had imposed a daily withdrawal limit as part of an investigation into the platform.
SDX then asked the investor to deposit more funds to register to a “Fast Forward Channel” to make withdrawals. Every attempt the investor made to withdraw money was met with a demand for money to “unblock” the withdrawal.