Financial Regulators warn for unauthorised Forex and Binary firms
The Ontario Securities Commission (OSC) and the British Columbia Securities Commission (BCSC) have issued warnings to inform investors and public for unregistered firms trading in Forex and Binary.
Specific, the OSC informs that:
1) Sumo Forex Limited
Address: 28 Queen Street, 4th Floor, Auckland 1010, New Zealand, and;
2) Depix Holdings Limited operating as LBinary doing business as www.lbinary.com
Address: 38 Karaiskaki Street, Kanika Alexander Center, Block 1, 1st floor, Office 113B 3032, Limassol, Cyprus
Are not registered in Ontario, Canada to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.
The BCSC informs that:
The Commission recently became aware of an advertisement placed by Smart FX Online (SFO) ( www.smartfxonline.com), which purports to have an office in Seattle, Washington, and offers a service to trade investors’ money in forex.
BCSC informs that, SFO is not registered to trade in, or advise on, securities or exchange contracts in British Columbia (BC).
The Commission urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
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