The Autorité des marchés financiers (AMF) has reported that different individuals have received messages from a person called Mr Villard, who claims he is mandated by the AMF to help them recover sums invested in a binary options platform. This individual is using the AMF's contact details, name and logo fraudulently. An individual, who introduces…
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The Times of Israel is reporting that the Canadian financial regulator overseeing Binary Options has explained to Google how the advertising enables scammers to find victims and has asked it to follow Facebook's lead in barring the ads. On January 30, Facebook announced that it was banning all advertising for binary options, cryptocurrencies and initial…
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The Financial Conduct Authority (FCA) is today urging the public to be vigilant to the threat of online investment fraud. Fraudsters offering investments in binary options, contracts for difference (CFDs), forex and cryptocurrencies (such as Bitcoin) often promote themselves online and via social media channels, such as Facebook, Instagram and Twitter. They typically promise high…
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LeapRate Exclusive... LeapRate has learned via court filings made in Israel (see source below) that the country's highest court has rejected an appeal made against the new Binary Options ban legislation. As such, Israel's Binary Options ban law takes effect today, January 23, 2018, as planned. All Binary Options activity, from offering binary trades to…
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The Commodity Futures Trading Commission (CFTC) informed that on January 18, 2018 filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado, and his company The Entrepreneurs Headquarters Limited, a UK-registered company. The CFTC Complaint charges the Defendants with engaging…
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The Nova Scotia Securities Commission (NSSC) announced that the company Shtern Group is not registered to sell securities in Nova Scotia. Shtern Group claims to be an online trading service provider located in Malta. At least one Nova Scotia investor was contacted by Shtern Group representatives by telephone and encouraged to invest in binary options.…
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The Financial Conduct Authority (FCA) has today published a list of 94 firms without FCA authorisation that it understands to be offering binary options trading to UK consumers. Since January 3rd 2018, firms involved in binary options trading in the UK have been required to be authorised by the FCA. Firms that are not authorised…
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News sources in Israel, as well as certain blogs close to the Binary Options sector, are reporting that Israel's new Binary Options law has been challenged to the Israeli Supreme Court. The appeal has been brought by lawyers representing Yossi Herzog, the major shareholder in binary options group Yukom Communications Ltd which has operated a…
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LeapRate Exclusive... LeapRate has learned that FCA regulated broker ETX Capital is making some changes to its trading product lineup, ahead of new MiFID II regulations which come into effect early next year. In addition to January 2018 heralding the onset of MiFID II regulations across Europe, the new year will also see the transfer of…
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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.capitaldeposit.net www.emfi-placesecurity.com www.xfr-financial.com A list of all unauthorized websites to offer trading of binary options is available in…
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