Investment Caution List: Seven Binary Options Trading Entities Added

The British Columbia Securities Commission (BCSC) added seven companies to the Investment Caution List. All of these entities are involved in binary options trading.

No business is registered to market, trade, or sell binary options in Canada.

New Investment Caution List Entries

Below is a list of the companies recently added to the BCSC Investment Caution List.

Many of the following companies were added after a BC resident was able to open a trading account with one of the firms. None of the entities are registered to trade in, or advise on, securities or exchange contracts in BC.

About the Investment Caution List

The BCSC Investment Caution List provides investors with the names of:

  • Unregistered foreign brokerage firms that have solicited BC investors to open trading accounts
  • Businesses from other jurisdictions that have solicited BC residents to buy unqualified investments
  • Businesses connected, or purporting to be connected, to BC that have solicited investors in other jurisdictions to purchase unqualified investments

The BCSC relies on information from the public or other agencies to create the Investment Caution List. You can report suspicious activity or solicitations to the BCSC with the Report a Concern form on InvestRight.org.

If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using BCSC’s online complaint form.

InvestRight.org is the British Columbia Securities Commission’s investor education website.

Suggested Reading

What is a 'recovery room' or 're-victimization' scheme?

BCSC InvestRight Fee Guide: Understand the Costs of Your Investments

CRM2 Video Series: Know Your Investment Performance

More Resources

In your community – August 2012

BCSC staff ambassadors tour the province, helping people to protect themselves from fraud and unsuitable investments. Our goal is to enable BC investors to develop critical thinking skills so they can become more informed of steps they should take to protect themselves when investing. Where we are this month   Kelowna InvestRight seminar August 22 […]

Watch Fraudster Exposed to learn how to spot an investment scam

Last week, we published new research that found 43% of people surveyed did not understand the trade-off between risk and return, which is a basic market principle – the higher an investment’s rate of return, the higher the risk. We know that no risk, guaranteed investments promising high returns are commonly offered by scam artists. […]