OSC Investor Alert: Kevin O'Leary falsely linked to binary options trading platforms and software

TORONTO, Jan. 30, 2017 /CNW/ - The Ontario Securities Commission (OSC) is warning investors about advertisements using the image or likeness of Kevin O'Leary to promote "get rich" schemes using certain binary options trading software and platforms. 

OSC Staff have communicated with representatives of Kevin O'Leary and confirmed that he has not approved the use of his image in any advertisements or news articles involving binary options, and that he is not promoting or otherwise associated with any binary options trading software or platforms, including the following:

The Millionaire(s) Blueprint:
http://www.binaryprofits.co/en/millionairesblueprint/

Play It On Point:
http://www.piop.net/are-binary-options-a-scam/

Eurostreet Money:
http://eurostreet.money/toronto/koopt.php?s=244796293

Boss Capital:
https://www.bosscapital.com/

The Canadian Securities Administrators (CSA) have expressed serious concerns about the growth in the number of websites promoting offshore binary options trading platforms that are targeting Canadians. The CSA has made it clear that no business is currently registered or authorized to market or sell binary options in Canada. The CSA's warning regarding binary options on March 23, 2016 can be found here:

http://www.osc.gov.on.ca/en/NewsEvents_nr_20160323_csa-alert-beware-binary-options.htm

The British Columbia Securities Commission has issued a warning regarding the Millionaires Blueprint trading software, which can be found here:

http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Millionaires_Blueprint/

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca

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SOURCE Ontario Securities Commission

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2017/30/c6284.html

For further information: For Media Inquiries: media_inquiries@osc.gov.on.ca; For Investor Inquiries: OSC Contact Centre, 416-593-8314, 1-877-785-1555 (Toll Free)

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