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 business of (i) trading in securities and (ii) advising anyone with respect to investing in, buying or selling securities.
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.
OptionRally has been the subject of recent regulator warnings and fines in other jurisdictions, including Australia’s ASIC, Cyprus’ CySEC and the Hong Kong SFC.
The OSC warning regarding OptionRally can be seen here.