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Canada calls on Israel to ban binary options

Binary options schemes rob their victims of an estimated $10 billion a year worldwide, and the chairman of Canada’s newly established Binary Options Task Force is asking the Israeli government to immediately shut down the scheme.

In 2016, Canadian securities regulators received hundreds of complaints of binary options companies using high-pressure techniques to sell shady products to Canadians. Upon further investigation, the Manitoba Securities Commission discovered that many of these calls originated from Israel, prompting the chairman to take action.

Read more at The Times of Israel

This article is summarized by Canadian Fraud News Inc.