Japan’s FSA Warns Binary Options Provider SimPop Not Regulated
Posted: Thu Mar 10, 2016 10:55 am
The Japanese Financial Services Agency (JFSA) has issued a warning that a website offering binary options under the name SimPop is not authorized to do so in Japan. The watchdog said in an update that the company name was World Union Lead Trust Limited and had a France-based address in Paris.
However, on the website of the unauthorized provider the contact number showed a Japanese country code +81 prefix, and on the firm’s withdrawal section there is mention of charges of 40 JPY for overseas remittance, and therefore, imply a relationship to offering either to Japanese clients, or within Japan, and/or ... (read more)