Tag: BigOption

August 10, 2020 BY Steffy Bogdanova

Lee Elbaz ordered to pay $28 million in binary options fraud case

At the time of the verdict, the court did not order restitution but allowed the government leave to gather evidence and determine the amount. In addition to the Spot Option database which the government exclusively relied for information on the fraudulent activities, it now added declaration of Michael J. Petron, a certified public accountant and…

Read more
May 22, 2018 BY Valentina Kirilova

FCA warns against BigOption firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company BigOption. BigOption is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

Read more
BCSC warning
July 11, 2016 BY LeapRate Staff

Canadian regulator BCSC warns against binary options broker BigOption

Canadian securities regulator the British Columbia Securities Commission (BCSC) has issued a warning to investors regarding binary options broker BigOption (at website bigoption.com), operated by Wirestech Limited. Most of warnings of this type involved unauthorized advertising to or contact with retail investors in Canada by unlicensed brokers, and this one is no different. According to the…

Read more
June 30, 2016 BY LeapRate Staff

Canadian regulator OSC adds binary brokers WinOptions, BigOption and OptionRidge to investor warning list

Canada's largest provincial financial regulator, the Ontario Securities Commission (OSC), has issued three new investor warnings against unlicensed binary options brokers. The OSC typically issues warnings regarding unlicensed companies that appear to be engaging in activities that may pose a risk to investors in its jurisdiction, and which are apparently targeting Canadian traders. The OSC's updated…

Read more