The FCA has warned UK investors near CTOption (ctoption.com), a London-based Binary Options outfit that has been targeting unsuspecting consumers inwards the United Kingdom:
“This theatre is non authorised past times us too is targeting people inwards the UK. Based upon data nosotros hold, nosotros believe it is carrying on regulated activities which take away authorisation.”The FCA likewise states that CTOption marketing materials are falsely claiming the firm’s fiscal services are regulated past times the agency. On March 17, 2016, the British Columbia Securities Commission likewise issued a warning on CTOption, stating that the fellowship was taking on BC clients without the proper licenses:
“We lately became aware that a BC resident was able to opened upward an job concern human relationship alongside CTOption. The Parties are non registered to merchandise in, or propose on, securities or central contracts inwards BC.”Ontario’s fiscal watchdog likewise issued 2 warnings today: i against Service Global 52 Ltd, too to a greater extent than or less other i against SG 55 Ltd (“SG 55”). Both companies are behind unlicensed Binary Options broker B4binary.com, based out of London, UK!
The OSC’s warnings solid put down that both firms are non registered inwards Ontario, Canada. Additionally, the OSC says that B4binary has non received approving to plow over out fiscal advice or engage inwards securities trading inwards the province.
