Nova Scotia’s provincial regulator is alerting the public that at least two investors in the province have lost money as a result of dealing with Magnum Options
Website launched to raise awareness and protect Canadians from binary options scams
Regulators have warned investors repeatedly against trading in these instruments, which are often likened more to gambling than investing
The TV personality and federal Conservative leadership candidate has not approved his image for ads promoting binary options trading software or platforms
Banc De Binary’s authorization will lapse as of Jan. 15 as the firm remains under the CySEC’s supervision until it settles its obligations
These companies, which are not registered in Canada, “may be engaging in illegal activity,” the regulator advises
The regulator has also issued an alert about dealing with unregistered, offshore firms and detailing red flags that may signal binary options fraud
The regulator is warning that firms known as Canuck Wealth, Canuck Method and Binary Online are not registered to sell securities
Investors warned about Quantum Code
Senior investigator Jason Roy was called at home by an unregistered binary options trading firm