Tag: binary options

ASIC
April 01, 2021 BY Steffy Bogdanova

ASIC bans Binary Options sale to retail clients

ASIC Commissioner Cathie Armour said: Binary options’ product characteristics make them incompatible with investment or risk management use by retail clients. ASIC’s product intervention order will protect retail investors from these harmful products at a time of heightened vulnerability. According to the Commission, retail clients’ net losses from trading binary options are estimated at around…

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CFTC
September 03, 2020 BY Steffy Bogdanova

BeeOptions, Glenridge Capital and Rumelia Capital charged in a $165 million Binary Options fraud case

The CFTC claims that the Cartu and Peretz brothers directed individual brokers to solicit US customers with falsely represented financial expertise, compensation structure, physical location and identity. The brokers also mislead their customers that the offered binary option transactions were profitable, when in reality, the majority of customers lost money. Ryan Masten of Austin, Texas…

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Principal of binary options trading firm fined $200,000 for illegal off-exchange trading
July 30, 2019 BY Valentina Kirilova

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

The U.S. Commodity Futures Trading Commission (CFTC) has informed the public yesterday that it has required Curtis Dalton of Middleton, Massachusetts to pay $200,000 for offering illegal off-exchange retail commodity transactions to U.S. and overseas customers while failing to be registered by the CFTC as required. Dalton offered transactions, which consisted of binary options in…

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fma warning
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…

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cysec
May 30, 2019 BY Valentina Kirilova

CySEC mirrors ESMA's desicion to restrict the marketing, distribution and sale of CFDs

The Cyprus regulator CySEC has just issued a consultation, mirroring ESMA’s last year restrictions on the marketing, distribution and sale of contracts for difference CFDs. LeapRate reminds that in April the Dutch AFM has also made some changes regarding the marketing, distribution or sale of Binary Options and CFDs to retail investors in and from The Netherlands. Since…

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FCA warning
November 27, 2018 BY Valentina Kirilova

FCA warns against AG Capitals binary options company

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the binary options company AG Capitals. AG Capitals is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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TechFinancials converts loan into Footies
November 13, 2018 BY LeapRate Staff

TechFinancials gets $867,000 payout from Asia Binary Options JV

Binary options turned blockchain technology company TechFinancials Inc (LON:TECH) has announced that it will receive in early December an $867,000 dividend payout from its 51% owned joined venture company DragonFinancials. DragonFinancials operates binary options broker websites in China and the Far East, one of the few regions where binary options are still being offered to…

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