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Thursday, February 20, 2014

NBers Warned To Watch Out For New Type Of Investment

New Brunswickers are being warned to watch out for a new kind of investment in the binary options market.

Binary options are similar to bets on whether an asset will increase or decrease in value in a fixed, and often very short, period.

They're sometimes referred to as "all or nothing" options." People who buy these options--which are often hawked through ads, email, social media or over the phone--are not protected by New Brunswick securities laws. Buying them may put any money invested at significant risk.

If you've been approached by a company offering these types of investments, you're encouraged to contact the commission immediately. For more details, click here