Real estate firm denies crowdfunding involvement

Sun Commercial Real Estate says that information on a Chinese-language website claiming that investors can get high returns with no risk was nothing to do with the company. The Vancouver Sun reports that speculation that SunCom has been crowdfunding for investments and may have breached securities regulations are false. It has offered to meet with regulators. A lawyer for the company made a statement that an individual named as Jun Tang had posted the information on using her own contact details and that it was done without the company’s knowledge or approval. The statement did not reveal whether Tang is known to the company.  BC Securities Commission told The Vancouver Sun that it is reviewing SunCom and Luxmore Realty regarding crowdfunding.

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