Interactive Option Added To BCSC Warning List After CySEC Suspension

British Columbia Securities Commission (BCSC), one of the thirteen Canadian provincial financial regulators, has issued a warning to investors about Cyprus-based Pegase Capital Ltd, trading as binary options broker, Interactive Option.

The British Columbia (BC) based watchdog became aware that Interactive Option was soliciting residents of the Canadian province to invest in binary options. Although binary options brokers are not licensed to do business in Canada, it has not stopped some of the offshore companies soliciting traders with their services.

This is not the first time that the company has been flagged. In February, 2016, the Cyprus Securities and Exchange Commission (CySEC) suspended the licence of Pegase Capital Ltd following several violations of Cyprus investment laws and putting clients’ investments at risk. The company was given one month to act in accordance with CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term requirements but there has been no update on the situation since. Its website presently features a statement saying that its license has been suspended.

CySEC also imposed a fine of €300,000 on Pegase Capital Ltd in November, 2015 for not complying with its laws relating to the licensing and operation of investment companies.

The BCSC’s warning list contains individuals and companies that appear to be engaging in activities that may pose a risk to investors. The watchdog confirms that Pegase Capital Ltd, trading as Interactive Option, is not registered to trade in, or advise on, securities or Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term contracts in BC and urges investors to exercise caution when dealing with this firm.