Binary FN operator pleads guilty to wire fraud charges
David Butler used manipulative computer software to defraud binary options investors of more than $2.9 million.
David Butler used manipulative computer software to defraud binary options investors of more than $2.9 million.
CySEC has withdrawn the CIF authorization of MPS Marketplace Securities, formerly known as SpotOption.
David Butler, the operator of SpotFN and Binary FN, used a manipulative software to defraud binary options investors.
ASIC plans to extend its product intervention order banning the issue and distribution of binary options to retail clients.
Nadex has issued disciplinary notices to 14 traders who have violated the rules of the Exchange by engaging in a manipulative scheme.
Polymarket had been operating an illegal unregistered facility for event-based binary options online trading contracts.
The CFTC and Jared Davis, head of binary options firms Option Mint and Option King, have engaged in preliminary settlement discussions.
The authorities in Bulgaria, Cyprus, Germany, the Netherlands and Ukraine took down an organised crime group involved in binary options fraud.
A federal grand jury has indicted William T. Caniff, Jr., alleging wire fraud charges related to a binary options fraud scheme.
Australians lose in the range of $500 million annually to Binary Options brokers, with about 4 in 5 retail traders losing money.