CFTC files $20 million dollar fraud charges in international binary options scheme LeapRate

May 08, 2020 BY Steffy Bogdanova

CFTC files $20 million dollar fraud charges in international binary options scheme

The Commission alleged that the defendants created fraudulent marketing materials promising monumental profits with no risk of loss and distributed them via email spam and by making online videos. CFTC alleges that the scheme continued from at least October 2013 through August 2018. As a result of the fraudulent marketing campaign, more than 59,000 customers…

February 07, 2020 BY Steffy Bogdanova

АSIC wins in binary options case against One Tech Media, Allianz Metro, Eustace Senese and Yoav Ida

The Federal Court found One Tech Media Ltd, (OTML), Allianz Metro Pty Ltd, Eustace Senese and Yoav Ida in breach of the Corporations Act for pressure sale of binary options. The Seychelles-based company OTML was caught trading binary options without Australian Financial Services Licence (AFSL) and without providing the necessary product disclosure statements. Justice Davis…

Three Individuals involved in boiler room scheme, charged with binary options fraud

September 27, 2019 BY Valentina Kirilova

Three Individuals involved in a boiler room scheme, charged with binary options fraud

The Securities and Exchange Commission (SEC) announced yesterday that it has charged three foreign individuals with deceiving U.S. investors, causing them to lose millions of dollars and entire life savings through fraudulent, online sales of binary options. The defendants Gil Beserglik, Raz Beserglik and Kai Christian Petersen, deceived the investors through 3 online binary options…

August 14, 2019 BY Valentina Kirilova

CySEC reaches a €300,000 settlement with Banc De Binary Ltd

The Cyprus regulator CySEC announced that it has reached a settlement with the company Banc De Binary Ltd. for violations of The Investment Services and Activities and Regulated Markets Law of 2007. The settlement reached with Banc De Binary Ltd. is for the amount of €300.000 and has already been paid by the company. CySEC…

Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports

July 01, 2019 BY Valentina Kirilova

ESMA will not renew the binary options product intervention measure

EU securities markets’ regulator ESMA has just informed the public of its decision that it will not renew the temporary prohibition of the marketing, distribution or sale of binary options to retail clients in the European Union (EU). The complete text of ESMA's decision reads as follows: ESMA has taken product intervention measures regarding binary…

June 27, 2019 BY Valentina Kirilova

French AMF warns against a binary options trading website

The Autorité des marchés financiers (AMF) has issued a public warning against the activities of the website www.flexioptions.com. The AMF is publishing a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified and has just added its latest warning. A list of all unauthorized websites…

June 21, 2019 BY Valentina Kirilova

CySEC warns against another website connected to B.O. Tradefinancials

The Cyprus regulator CySEC has informed investors that the website smartoptionfx.com, does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017. In the above mentioned website, there is a reference on…

June 14, 2019 BY Valentina Kirilova

Canadian regulator BCSC warns against binary options firm LM Swiss Direct Ltd.

Canadian securities regulator the British Columbia Securities Commission (BCSC) issued a warning against a suspicious entity named LM Swiss Direct Ltd. LM Swiss Direct Ltd. purported to trade in binary options and was based in the United Kingdom. The regulator recently became aware that LM Swiss accepted funds from a British Columbia (BC) resident for…

Principal of binary options trading firm fined $200,000 for illegal off-exchange trading

March 29, 2019 BY Valentina Kirilova

The permanent ban on the sale of binary options to retail consumers confirmed by the FCA

The UK Financial Conduct Authority (FCA) has just confirmed that all companies acting in or from the United Kingdom are prohibited from selling, marketing or distributing binary options to retail consumers. Back in January 2018, the regulator has urged the public to be vigilant to the threat of online investment fraud, revealing that last year investors…

March 14, 2019 BY Valentina Kirilova

Canadian regulator BCSC warns against binary options provider Major Options Investment

Canadian securities regulator the British Columbia Securities Commission (BCSC) issued a warning against a suspicious entity named Major Options Investment (MOI). Major Options Investment is operating via the website https://www.majoroptionsinvestment.com and claims to be an online binary options trading platform provider. MOI, however, is not registered to trade in, or advise on, securities or exchange…

Category: Regulation