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.
binary options
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.
European authorities take down fraudulent binary options network
The authorities in Bulgaria, Cyprus, Germany, the Netherlands and Ukraine took down an organised crime group involved in binary options fraud.
Founder of binary options scheme Berkley Capital Management charged with fraud
A federal grand jury has indicted William T. Caniff, Jr., alleging wire fraud charges related to a binary options fraud scheme.
ASIC bans Binary Options for retail traders in Australia
Australians lose in the range of $500 million annually to Binary Options brokers, with about 4 in 5 retail traders losing money.
TechFinancials leaves Binary Options for investment in RenewSenses
TechFinancials has invested a sum of about $148,000 in RenewSenses that will give the company an equity position of at least 17.02%.
BeeOptions operators charged in $165 million Binary Options fraud
The CFTC cautions victims that restitution orders may not result in recovery of money lost, as the wrongdoers may not have sufficient funds.
TechFinancials considering feasibility of continuing its “remaining businesses”
In the first half of 2020, TechFinancials revenues amounted to just USD $610,000, and the company posted a loss of USD $550,000.
