Code of Conduct
1. Introduction
The Code of Conduct outlines the principles, ethical standards, and rules of behavior that all Users of the LCT Platform must adhere to. This document reinforces LCT’s commitment to maintaining a secure, fair, and transparent trading environment while ensuring compliance with all applicable laws and regulations.
By accessing or using the LCT Platform, Users agree to uphold this Code of Conduct in all interactions and activities.
2. General Principles
- Integrity: Users must conduct themselves with honesty, transparency, and accountability. Misrepresentation or falsification of information provided to LCT is strictly prohibited.
- Fairness: Users must ensure that their trading practices promote fair and orderly markets. Exploiting platform vulnerabilities or other users is strictly forbidden.
- Respect for Market Integrity: Users must not engage in practices that distort or manipulate market conditions.
- Compliance: Users must comply with all applicable laws, regulations, and LCT policies, including this Code of Conduct.
3. Prohibited Activities
- Market Manipulation: Engaging in actions such as front-running, wash trading, spoofing, or layering. Manipulating prices or trading volumes for personal or collective gain.
- Fraudulent Behavior: Submitting false or misleading orders or trades. Misrepresenting the availability or demand for a Virtual Asset.
- Misuse of the Platform: Using web crawlers, scraping tools, or reverse engineering the platform. Overloading or interfering with LCT’s systems or data.
- Unauthorized Access: Accessing or attempting to access another User's account. Exploiting platform vulnerabilities to gain an unfair advantage.
- Violation of Laws and Regulations: Engaging in money laundering, terrorist financing, or other financial crimes. Using the platform in jurisdictions where its use is prohibited.
4. Ethical Standards
Users are expected to:
- Act Professionally: Interact with other Users, LCT staff, and third parties respectfully and courteously. Avoid harassment, coercion, or intimidation.
- Safeguard Personal and Market Security: Protect account credentials and ensure a secure environment for accessing the platform. Notify LCT immediately in case of suspected unauthorized access or breaches.
- Maintain Transparency: Provide accurate and complete information during registration and trading activities. Ensure all submitted documents are up-to-date.
5. Responsibilities
- Trading Practices: Users must only place orders with the intent to execute genuine trades. All trading must adhere to the principles of transparency and fair competition.
- Notification Obligations: Notify LCT promptly of any breaches, unauthorized activity, or changes affecting compliance. Report any material incidents, including operational issues or security concerns.
- Compliance with LCT Requests: Provide necessary documentation or information upon request. Cooperate fully with LCT or relevant authorities during investigations.
6. Conflict of Interest
- Avoidance: Users must avoid any activity that could create a conflict of interest with LCT or its operations.
- Disclosure: Disclose any potential or actual conflicts of interest to LCT immediately.
7. Enforcement
- Disciplinary Actions: Violations of this Code of Conduct may result in
- Warnings or reprimands.
- Restrictions or suspensions of trading privileges.
- Account termination and/or referral for criminal prosecution.
- Investigation and Reporting: LCT reserves the right to investigate suspected breaches and report findings to relevant authorities. Users found in violation may face penalties, including fines and restitution
8. Enforcement
- Ongoing Monitoring: LCT monitors user activity to ensure compliance with this Code of Conduct and platform policies.
- Periodic Updates: This Code of Conduct may be updated periodically to reflect changes in laws, regulations, or operational requirements.
9. Acknowledgment
- By using the LCT Platform, all Users acknowledge their understanding and acceptance of this Code of Conduct. Failure to adhere to this Code may result in penalties, including account suspension or termination.