Canadian Regulators Take Stance on Binary Options in Canada

[kreslik.news]

The Canadian Securities Administrators (CSA), comprised of the country’s thirteen key financial market regulators across their respective provinces, today issued a release that warns Canadians to ‘beware of binary options platforms’, as CSA said there is no company currently registered in Canada to carry out such offerings to residents and labeled it as illegal in the country.

The coordinated effort appears to be driven by a number of clients that have been the victim of scams and from Binary Options providers purporting to be legitimate and based in either Canada or other jurisdictions.

The fact that the stance has been reached simultaneously shows ... (read more)