DSMG Ltd’s Binary Brokerz receives warning from Canadian regulator BCSC LeapRate

May 10, 2017 BY Valentina Kirilova

DSMG Ltd's Binary Brokerz receives warning from Canadian regulator BCSC

Canadian securities regulator the British Columbia Securities Commission (BCSC) announced that has added to its Investment Caution List unregulated binary options broker Binary Brokerz, which is owned and operated by DSMG Ltd. (together, the Parties). Binary Brokerz claims to be based in London, England, and provides an online binary options trading platform, operating at www.binarybrokerz.com.…

May 04, 2017 BY Valentina Kirilova

Binary options broker B4Option receives warning from Canadian regulator BCSC

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated binary options broker B4Option. B4Option has claimed to provide an online binary options trading platform. Spain’s securities market regulator CNMV already warned against B4Option two years ago. A binary option is a type of option whose payout depends…

May 02, 2017 BY LeapRate Staff

Binary options and CFDs broker Hedgestone receives warning from Canadian regulator BCSC

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated binary options broker Hedgestone Group, owned and operated by Nevski Ps Ltd. from website hedgestonegroup.com. According to the BCSC, Hedgestone Group and a…

April 27, 2017 BY LeapRate Staff

Canada financial regulatory umbrella group CSA proposes Binary Options ad ban

The Canadian Securities Administrators (CSA), the council of the securities regulators of Canada’s provinces and territories which co-ordinates and harmonizes regulation for the Canadian capital markets, has published for comment National Instrument 91-102 Prohibition of Binary Options. The proposal would prohibit advertising, offering, selling or otherwise trading a binary option to an individual throughout Canada. Given that…

April 25, 2017 BY LeapRate Staff

CFTC adds 71 brokers to RED List illegally offering Forex and Binary Options trading

As part of the U.S. Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the CFTC added 71 new names to the RED List. These 71 new additions bring the total number of foreign entities on the RED List to over 110. We would note that some of the companies…

April 23, 2017 BY LeapRate Staff

Binary options brokers BinaryCorporate and BossCapital receive warning from Canadian regulator FCAA

Continuing a string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued two Cease Trade Orders against Mpower Technologies Limited and Melnic Group Ltd. The orders expire on May 3, 2017 and may be extended as necessary. Mpower Technologies Limited…

April 07, 2017 BY Valentina Kirilova

Westward International Ltd and Coucarin Holdings Ltd charged more than $1.77 million in CFTC binary options fraud action

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge James I. Cohn of the U.S. District Court for the Southern District of Florida entered final default judgments against Relief Defendants Westward International Ltd. and Coucarin Holdings Ltd., both of Deerfield Beach, Florida. The Default Judgment Orders, both entered on March 23, 2017, require Westward…

April 04, 2017 BY Valentina Kirilova

CySEC withdraws license suspension of Dragon Options Ltd

Just one day after Cyprus financial regulator CySEC announced that it has withdrawn the CIF license suspensions of Leadtrade Ltd, and TTCM Traders Trust Capital Markets Ltd., same thing happened with Dragon Options Ltd. The brokerage group had its CIF license suspended by CySEC last week, with the regulator citing capital level concerns. CySEC had given…

March 28, 2017 BY Valentina Kirilova

AMF warns against unauthorized binary options trading websites

The French regulator 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.agenda-invest.com www.financial-futures-ltd.com www.gmsa-investments.com www.group-investment.com www.labastilleandpartners.com www.lepartenairefinancier.com www.marketoptions.com www.owpremium.com www.swissxm.com www.tp-markets.com A list of all unauthorized sites…

March 21, 2017 BY Valentina Kirilova

Vision Financial Partners fined more than $6.5 million in CFTC binary options fraud action

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge James I. Cohn of the U.S. District Court for the Southern District of Florida entered a Consent Order against CFTC Defendants Neil Pecker with a last-known address in Longwood, Florida and his company, Vision Financial Partners, LLC (Vision) of Deerfield Beach, who were charged…

Category: Regulation