Service NL
March 17, 2016

Public Advisory: Public Cautioned about Trading in Binary Options

Service NL is warning the public that an online platform for trading binary options, Binary Options Canada, is targeting residents of Newfoundland and Labrador. The site encourages people to invest in binary options, and is providing false and misleading information that places potential investors at risk.

No business is currently registered or authorized to market or sell binary options in Canada. 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.

Before making investment decisions, investors should educate themselves regarding the companies they may be interested in doing business with by searching the Canadian Securities Administrators website at aretheyregistered.ca .

Anyone contacted by an individual claiming to represent a company trading in binary options should contact the Financial Services Regulation Division at 709-729-2596, or email servicenlinfo@gov.nl.ca.

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Media contact:

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

2016 03 17                              10:30 a.m.