However, like with previous Yorkville Advisors investments, the money comes with more strings.
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The Monetary Authority of Singapore (MAS) today issued a warning to investors on the trading of binary options with unregulated platforms. This comes in the wake of an increase in the number of complaints from investors who have suffered financial losses from such investments. The warning reads as follows: Risks involved in binary options trading:…
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Cyprus financial regulator CySEC has issued a €5,000 fine to regulated binary options brokerage group Novox Capital Ltd. Novox is a licensed CIF company which operates a number of Binary Options, Forex and CFDs brokerage brands, including OptionBit (at website optionbit.eu), ZoomTrader Global (at zoomtraderglobal.com), RoyalPip (at royalpip.com), and NGN Broker (at ngnbroker.com). The current…
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Interactive Brokers Group, Inc. (NASDAQ GS:IBKR) announced that it will discontinue options market making activities globally, which are conducted through its Timber Hill companies. The Company expects to phase out these operations substantially over the coming months and intends to continue conducting certain trading activities in stocks and related instruments. Thomas Peterffy, Chairman and CEO,…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated binary options broker Suisse Option, operating from website suisseoption.com. According to the BCSC, Suisse Option claims to be based in Hong Kong, and…
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LeapRate Exclusive... LeapRate has learned that popular Forex and Binary Options affiliate programs operator RushBucks is cutting its ties with the sector. At various times, RushBucks has run affiliate programs for a number of (mainly Binary Options) brokers including TradeRush, Redwood Options, Boss Capital, as well as 10Trade.com, a CySEC licensed Binary Options broker via parent company Holiway Investments…
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LeapRate Exclusive... LeapRate has learned that a court ruling made in Israel last week refused an appeal made by Binary Options peer-to-peer platform Fairtrade, in which Fairtrade tried to avoid being shut down by Israeli financial regulator ISA. The ISA has been very vocal about its aiming of shutting down the Binary Options sector in Israel,…
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Provincial market watchdogs are trying to shut down the mechanisms used to entice investors into binary options trading schemes. Securities regulators have released numerous warnings over the past year saying that no one is registered to offer binary options in Canada. Yet still schemes promoting the get-rich-quick investments continue to proliferate and cause losses for…
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Binary options platform provider and operator TechFinancials Inc (LON:TECH) has announced that it will receive an additional $1.5 million dividend payout from its DragonFinancials joint venture subsidiary, which focuses on the Asia Pacific region. This follows the $1 million dividend which TechFinancials received from DragonFinancials last November. We had reported last September, when TechFinancials announced…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the Ontario Securities Commission (OSC) has added to its Warning List offshore binary options broker OptionRally, operating as TCM Investments Ltd. from website optionrally.com. According to the OSC, OptionRally is not registered in Ontario, Canada to engage in the…
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