Canadian Securities Administrators Publish Report on 2017/18 Enforcement Activities

Ontario, Canada

Canadian Securities Administrators Publish Report on 2017/18 Enforcement Activities

Binary options: Adapting to protect investors Closer to gambling than investing, binary options were one of the fastest-growing sources of investor fraud in Canada in 2017. To combat this emerging threat, CSA members established the Binary Options Task Force, led the global discussion on best practices, launched a public education campaign and worked to disrupt widespread access to binary options. In September 2017, CSA members also announced the first ban on offering, selling or trading binary options shorter than 30 days.

Cryptocurrencies and ICOs CSA members continue to conduct ongoing research and analysis to monitor and mitigate fraud-related risks associated with cryptocurrency offerings and ICOs. CSA members' activity included:

Establishing a task force in collaboration with other CSA committees; engaging with international colleagues at the North American Securities Administrators Association; and, working with global digital platforms to ban related advertising.

To read the 2017/18 Enforcement Report, please visit http://www.csasanctions.ca/.

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