The City of London Police has disclosed that it carried out a series of coordinated raids this past Tuesday, October 17, aimed at stemming Binary Options fraud in the city. London authorities still call Binary Options fraud a "growing problem", with the police's Action Fraud stats showing that in just the first half of 2017, 697 people…
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Cyprus financial regulator CySEC has issued a series of Board Decisions, indicating that it is fining the former owners and management of now defunct Binary Options brokerage group Pegase Capital Ltd a total of €200,000. Pegase operated the Interactive Option binary brand. The majority of the fine, €150,000, was issued to former shareholder and CEO of Interactive…
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Cyprus financial regulator CySEC has announced the reinstatement of the CIF license of Gametech (Cyprus) Limited. Gametech operated the binary options brokerage brand ProOptions.com. ProOptions was one of several binary options firms to have their licenses suspended by CySEC back in March. The regulator stated at the time that the suspensions were for suspicions of an…
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Geneva based Retail FX broker Dukascopy has announced that it has added a new functionality to its binary option contracts: chained option contracts. Two types of chains are available: Martingale and Winning. When enabling a Martingale chain to an option, the system will automatically place another chained contract for a doubled amount every time the…
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The Nova Scotia Securities Commission (NSSC) just issued a warning that Ashford Investments is not registered to sell securities in Nova Scotia. At least one Nova Scotia investor has lost money investing with the company. The investor was intending to do business with Quantum Code and his credit card was charged by Ashford Investments. Both…
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Led by The International Organization of Securities Commissions (IOSCO), World Investor Week is a week-long, global campaign to raise awareness about the importance of investor education and protection and highlight the various initiatives of securities regulators in these two critical areas. From 2-8 October 2017, IOSCO securities regulators and other IOSCO members on six continents will provide…
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Pan-Canadian financial regulator Canadian Securities Administrators (CSA) has announced the implementation of Multilateral Instrument 91-102 Prohibition of Binary Options, which makes it illegal to advertise, offer, sell or otherwise trade binary options shorter than 30 days with any individual. The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the…
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The Autorité des marchés financiers (AMF) has published a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: www.barclays-trading-invest.com www.binarymate.com www.finrally.com A list of all unauthorized websites to offer trading of binary options is available in…
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Further to our exclusive coverage of the launch of new FX and CFDs broker ChampionFX by former ThinkMarkets GM Athol Nourse and its plans to be involved in an ICO, Mr. Nourse's partner in the venture - binary options broker Binary.com - has indeed released its ICO document, in which it confirms its co-ownership of ChampionFX and details…
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The Sydney Morning Herald has detailed contempt of court charges which have been brought against Tony Senese, his son Cameron Senese, and their former lawyers Kalus Kenny Intelex for violating a court ordered asset freeze. First, some background... In May 2016, ASIC commenced Federal Court proceedings against various entities including Eustace "Tony" Senese, his son Cameron…
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