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British Columbia Securities Commission (BCSC), one of the thirteen Canadian provincial financial regulators, has updated its warning list to include binary options broker, Magnum Options. The latest addition follows the inclusion of another binary options broker, Interactive Option, which was added to its listin April this year for soliciting to British Columbia (BC) residents.
The BC based watchdog recently became aware that a BC resident was able to open an account with Magnum Options with the intention of attracting them to invest in binary options. Binary options brokers are not licensed to do business in Canada, however, it ... (read more)