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The Malta Financial Services Authority (MFSA) has warned of the deceptive business activity of binary options brokerage Stock Binary, which does not have the appropriate license or authorization to provide investment services in the country or abroad.
According to an official statement issued by the MFSA, the contact information section of the brokerage’s website (stock-binary.com) misleads potential clients using detailed data of another company registered by the local watchdog.
On the main page of the allegedly dishonest firm one can find address of another entity, Binary Investments, which received its license on April 22, 2015. According to the information contained therein, ... (read more)