CFTC adds 34 entities to Registration Deficient List
The Commodity Futures Trading Commission (CFTC) today added 34 unregistered foreign entities to its Registration Deficient List (RED List). Launched in 2015, CFTC’s RED List now includes 202 entities.
A firm is added to the RED List when the CFTC determines, from investigative leads and public inquiries, that it is not registered with the Commission and appears to be acting in a capacity that requires registration, such as trading binary options, Forex, or other products.
The Commodity Exchange Act generally requires intermediaries in the derivatives industry to register with the CFTC. An “intermediary” is a person or firm that acts on behalf of another person in connection with trading futures, swaps, or options. Depending on the nature of its activities, an intermediary may also be subject to various financial, disclosure, reporting, and recordkeeping requirements. There are some exceptions or exemptions where an intermediary does not require registration.
The RED List is circulated to financial industry partners, including other regulators, consumer groups, industry participants, self-regulatory organizations, exchanges, and industry associations. It complements registration information the National Futures Association (NFA) provides.
The 34 new foreign entities added to the RED List are:
- Algobit, Ltd. (octavetrade.com)
- Cent Projects, Ltd. (dynamicsfxtrade.com)
- Alis Capital Inc. (aliscapital.com)
- CloseOption (closeoption.com)
- B.O TradeFinancials (Cryptospherefx.com)
- CryptoBO (cryptobo.com)
- Bitpay Options (bitpayoptions.com)
- CryptoSphereFX (Cryptospherefx.com)
- Bluegate Financial Services (bluegatefinancialservices.com)
- DestroFX (Destrofx.com)
- Capital Forex Trade (www.octavetrade.co)
- Direct Cryptos (directcryptos.com)
- Capital Trading Hub (Capitaltradinghub.com)
- Dynamics FX Trade (dynamicsfxtrade.com)
- Capitalone Trade (Capitaltradinghub.com)
- Expirex Trade (Empiretrades.com)
- FXBrew (fxbrew.com)
- QuickFXTrade (quickfxtrade.com)
- FX Optimax (fxoptimax.com)
- Renesource Capital (Renesource.com)
- FX-Cryptex (fx-cryptex.com)
- SageFX (sagefx.com)
- HankoTrade (hankotrade.com)
- Stockinvestmentfx (stockinvestmentfx.com)
- IQFXTrade (iqfxtrade.com)
- Swissglobaltrade.org (swissglobaltrade.org)
- Menne Market Ltd. (mennemarkets.com)
- The Traders Domain (thetradersdomain.com)
- Octave Trade (www.octavetrade.com)
- Tifu Global Limited (TiFuforex.com)
- Pocketoption (pocketoption.com)
- TradingDeskFX (tradingdeskfx.com)
- Prime Crypto FX (primecryptofx.com)
- Wolves Trade FX (wolvestradefx.com)