Released on March 29, 2018
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued Temporary Cease Trade Orders against BinaryBook, and RBinary Limited for operating unregistered online trading platforms and soliciting Saskatchewan residents by phone to purchase binary options.“Sometimes glossy professional-looking websites can give the illusion that the investor is dealing with a legitimate company,” FCAA Deputy Director of Enforcement, Ed Rodonets said. “However, you should still beware and check their registration. You can check the registration status of any person or company selling investments by using the Canadian Securities Administrators’ National Registration Search database at www.aretheyregistered.ca.”
BinaryBook runs its binary options trading platform on www.binarybook.com.
RBinary’s website located at www.rbinary.com purports to facilitate the trading of stocks, FOREX, contracts for difference, commodities, and binary options.
BinaryBook, and RBinary Limited are not registered to trade in securities or derivatives in Saskatchewan.
- The BC Securities Commission issued Investment Cautions against BinaryBook (www.bcsc.bc.ca/Enforcement/Investment_Caution_List/BinaryBook,_owned_and_operated_by_Tech_SB_Ltd_/) and www.binarybook.com, as well as RBinary (www.bcsc.bc.ca/Enforcement/Investment_Caution_List/RBinary_Limited/) and www.rbinary.com.
- The Aguilla Financial Services Commission (http://www.fsc.org.ai/documents/Publications/Investor%20Alerts/Investor%20Alert%20-%20RBinary%20Limited.pdf) also issued alerts about RBinary and www.rbinary.com.
- The U.S. Commodity Futures Trading Commission added RBinary to its list of foreign entities (https://www.cftc.gov/PressRoom/PressReleases/pr7551-17) that illegally solicit U.S. residents to trade binary options or FOREX.
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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