Service NL
March 13, 2015

Public Advisory: Public Cautioned about Illegal Investment Activity by Binary Options Canada

Service NL is warning the public that an online platform for trading binary options, www.binaryoptionscanada.net/brokers/newfoundland-labrador, is targeting residents of Newfoundland and Labrador to invest in binary options and is providing false and misleading information, placing potential investors at risk. None of the alleged investment brokers advertised on the website are registered to sell securities in this jurisdiction or in any other jurisdiction in Canada. The individuals responsible are believed to be located overseas.

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 Newfoundland and Labrador�s securities legislation.

Residents are cautioned not to deal with individuals or firms that are not registered under the provincial Securities Act to trade or provide advice in securities. Anyone contacted by any individual claiming to represent Binary Options Canada or Boss Capita, TradeRush, Banc de Binary, Stockpair, Opteck.com, 24Option or Ubinary should contact the Financial Services Regulation Division at 709-729-2596.

Before making investment decisions, investors should educate themselves on the companies they are interested in by visiting the Canadian Securities Administration website at www.securities-administrators.ca and clicking on National Registration Search. If the company or individual is not registered, please notify Service NL by e-mail at servicenlinfo.gov.nl.ca or call the Financial Services Regulation Division at 709-729-2596.

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Media contact:

Jason Card Director of Communications Service NL 709-729-4860, 699-0470 jasoncard@gov.nl.ca

2015 03 13                              11:30 a.m.