Canadian Regulator OSC Warns Against OptionRally

[kreslik.news]

Ontario Securities Commission (OSC), one of the thirteen provincial financial regulators in Canada, has added the binary options broker OptionRally to its list of companies not to do business with, according to a regulatory statement.

OptionRally is regulated in Cyprus and Belize. The firm has been involved in one of the bigger sponsorship deals in the industry with the company’s logo appearing on the Ferrari’s Formula 1 race cars. Finance Magnates reported about the broker earlier last week after it has laid off 20 employees from its English desk located in Israel, which leaves the broker with almost no ... (read more)