BCSC warns about binary options provider GTOptions
The British Columbia Securities Commission (BCSC) has issued a warning to inform public and investors about GTOptions, owned and operated by MJ Vents Ltd. (together, the Parties).
GTOptions claims to be based in Bulgaria and provides an online binary options trading platform.
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 – GTOptions, owned and operated by MJ Vents Ltd. (together, the Parties)
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