Illegality of Binary Options In Canada~CTV~W5~SCAMBROKER
binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all.[2][3] The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The former pays some fixed amount of cash if the option expires in-the-money while the latter pays the value of the underlying security. They are also called all-or-nothing optionsdigital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).[4]

While binary options may be used in theoretical asset pricing, they are prone to fraud in their applications and hence banned by regulators in many jurisdictions as a form of gambling.[5] Many binary option outlets have been exposed as fraudulent.[6] The U.S. FBI is investigating binary option scams throughout the world, and the Israeli police has tied the industry to criminal syndicates.[7][8][9] The FBI estimates that the scammers steal $10 billion annually worldwide.[10] The use of the names of famous and respectable people such as Richard Branson to encourage people to buy fake "investments" is frequent and increasing.[11] Articles published in the Times of Israel newspaper explain the fraud in detail, using the experience of former insiders such as a job-seeker recruited by a fake binary options broker, who was told to "leave [his] conscience at the door".[12][13] Following an investigation by the Times of IsraelIsrael's cabinet approved a ban on sale of binary options in June 2017,[14]and a law banning the products was approved by the Knesset in October 2017.[15][16]\


Thanks given by:

Possibly Related Threads…
Thread Author Replies Views Last Post
  Service Canada social insurance scam .M. 0 1,233 2020-Jul-20-8:33 pm
Last Post: .M.
  Pet License - Montreal Quebec Canada .M. 4 1,678 2019-Nov-13-5:42 pm
Last Post: .M.
Star Bell Let's Talk - Bell Canada biggest scam .M. 0 1,378 2018-Apr-14-3:48 am
Last Post: .M.

Users browsing this thread: 1 Guest(s)