BCSC warns regarding Binary Uno
The British Columbia Securities Commission (BCSC) has issued a warning to inform regarding binary options trading platform Binary Uno, operated by DOM Technology Services Ltd (the Parties) and claims to be based in London, England.
BCSC became aware that a British Columbia (BC) resident was solicited to invest with Binary Uno.
A binary option is a type of option whose payout depends on whether the underlying asset (such as a stock, a commodity, a currency pairing, etc.) increases or decreases in value. Options are considered to be securities under the securities legislation in BC.
BCSC informs that the Parties is not registered to trade in, or advise on, securities or exchange contracts in BC.
BCSC urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
Source: BCSC
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