BCSC warns against a Binary Options provider
The British Columbia Securities Commission (BCSC) has issued a warning to inform public and investors about Redwood Options, operated by Hampshire Capital Ventures Ltd. (together, the Parties).
Redwood Options claims to be a binary options trading brokerage based in Norwich, England, and offers an online binary options trading platform.
According the warning, BCSC recently became aware of Redwood Options and that it may be operating in or from BC.
BCSC informs that the Parties are not registered to trade in, or advise on, securities or exchange contracts in BC.
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 urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
Source: BCSC – Redwood Options, operated by Hampshire Capital Ventures Ltd. (together, the Parties)
