Two companies have been placed in provisional liquidation following an investigation by Company Investigations Unit of The Insolvency Service.

Right Corp Limited and Curve Point Limited operated a website which offered an online binary options investment trading platform to investors. Right Corp Limited was registered in London E14. Curve Point Limited was registered in the Marshall Islands.

The website described binary options as being the simplest form of trading, allowing traders to place a trade predicting whether an asset would rise or fall over a desired period. If the trade was correct, the website stated that the trader would receive the pre-set pay out, but if the trade was incorrect, the trader would lose the funds placed on that particular trade.

The role of the provisional liquidator is to protect assets “in the possession or under the control” of the companies pending the determination of the petitions. The provisional liquidator has the power to investigate the affairs of the companies to protect assets including any third party, or trust monies, or assets in the possession of, or under the control of the companies.

It is understood that clients of the companies have been contacted by individuals who are claiming to be acting on behalf of the “liquidator” of Right Corp Limited.

These clients have been told that if they were prepared to pay a further amount of money to the purported liquidator, they would be able to recover the sums that they had invested in the companies. Any individual contacted in this manner has been advised not to make any such payment and to contact the Official Receiver whose details are given below:

The Official Receiver, Public Interest Unit (South), The Insolvency Service, 2nd Floor, 4 Abbey Orchard Street, London WC1B 3SS. Tel: 020 7637 6404 Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

The case is now subject to High Court action and no further information will be made available until petitions to wind up the companies are heard in the High Court on 27 February 2018, says The Insolvency Service.