With the recent 2017-18 Budget announcement, programs and services affected will be updated shortly. Posted March 22, 2017

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Scam Alert: Misleading Binary Options Websites

Released on February 10, 2017

The Financial and Consumer Affairs Authority (FCAA) urges consumers not to use binary options websites that are not registered in Saskatchewan.

Binary options are bets on whether an asset (currency, stock etc.) will go higher or lower in price at a certain point in time.  Websites such as, https://www.binaryoptionscanada.net/provinces/saskatchewan/, are using misleading language and FCAA’s name to persuade Saskatchewan residents to invest in binary options with unregistered companies.

It is illegal to trade binary options in Saskatchewan unless a company is registered.  Currently there are no websites or online trading platforms registered or authorized to sell binary options in Canada.  A high number of unregistered binary option companies have been found to be fraudulent.

 

Here are a few ways to spot a binary options scam:

  • If the website guarantees extremely high returns.
  • If you’re asked to wire money outside the country.
  • If you receive a call or email from someone about the website.
Remember, don’t give out your credit card information over the phone or over the internet if you don’t know the person or haven’t heard of the company.

If you think you are a target of a binary options scam, contact the Securities Division at 306-787-5645 or www.fcaa.gov.sk.ca/contact/.

For information on how binary options scams work visit www.fcaa.gov.sk.ca/binaryoptions.

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For more information, contact:

Shannon McMillan
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Email: shannon.mcmillan@gov.sk.ca

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