FCA goes after individuals behind binary options scam Bespoke Markets Group
Cameron Vickers, Raheel Mirza and Opeyemi Solaja ran a London based company called Bespoke Markets Group which defrauded £1.2 million from UK investors.
binary options
ASIC confirms Binary Options ban extension to 2031
ASIC’s Binary Options ban has been fully effective in preventing retail clients from losing money trading binary options in Australia.
SEC seeks $74M in disgorgement from Spot Option, Pini Peter
Given that this was a long running fraud, the SEC asks that Spot Option be penalized in the amount of either $73,346,478 or $66,298,176.
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.
CySEC withdraws license of MPS Marketplace Securities, f/k/a SpotOption
CySEC has withdrawn the CIF authorization of MPS Marketplace Securities, formerly known as SpotOption.
Operator of SpotFN and Binary FN faces up to 20 years in prison
David Butler, the operator of SpotFN and Binary FN, used a manipulative software to defraud binary options investors.
ASIC plans to extend binary options ban until October 2031
ASIC plans to extend its product intervention order banning the issue and distribution of binary options to retail clients.
Nadex bans 14 traders for engaging in manipulative scheme
Nadex has issued disciplinary notices to 14 traders who have violated the rules of the Exchange by engaging in a manipulative scheme.
CFTC puts an end to Polymarket’s event based binary options, fined $1.4M
Polymarket had been operating an illegal unregistered facility for event-based binary options online trading contracts.
CFTC in settlement talks with head of $10M binary options scheme
The CFTC and Jared Davis, head of binary options firms Option Mint and Option King, have engaged in preliminary settlement discussions.
