Displaying results 61 - 70 of 198

Federal Court in District of Columbia Orders “Prediction Market” Companies to Pay $3 Million Civil Monetary Penalty for Illegally Trading Binary Options and Violating a 2005 CFTC Cease and Desist Order

… Pay $3 Million Civil Monetary Penalty for Illegally Trading Binary Options and Violating a 2005 CFTC Cease and Desist Order … TEN and Intrade permitted U.S. customers to trade 5,503 binary option contracts involving CFTC-regulated commodities …

CFTC Charges California Resident Jason B. Scharf, His Worldwide Web of Companies, and Florida-Based Affiliate Marketers Michael Shah and Zilmil, Inc. with $16 Million Binary Options Fraud Scheme

… Marketers Michael Shah and Zilmil, Inc. with $16 Million Binary Options Fraud Scheme CFTC Complaint Charges Numerous … accepting more than $16 million in connection with illegal binary options contracts. Scharf also does business as …

Federal Court Imposes Over $29 Million in Restitution and Penalties Against California and Colorado Residents for Binary Options and Forex Fraud, Registration Violations, and Failure to Comply with Commodity Pool Operator Regulations

… they are liable for solicitation fraud in connection with binary options and retail foreign currency (forex) transactions, … (pool participants) to contribute funds to fraudulent binary options and forex commodity pools; misappropriated …

Federal Court Orders Relief Defendants Westward International Ltd. and Coucarin Holdings Ltd. to Disgorge Ill-Gotten Funds Totaling More than $1.77 Million in CFTC Binary Options Fraud Action

… Ill-Gotten Funds Totaling More than $1.77 Million in CFTC Binary Options Fraud Action Washington, DC – The U.S. Commodity … of the public in the U.S. and Canada to trade off-exchange binary options. The Default Judgment Orders also find that, …

Federal Court in Florida Orders Neil Pecker and His Company, Vision Financial Partners, LLC, to Pay More than $6.5 Million in Restitution and a Civil Monetary Penalty in CFTC Binary Options Fraud Action

… Million in Restitution and a Civil Monetary Penalty in CFTC Binary Options Fraud Action Relief Defendants Prometheus … and misappropriation in connection with off-exchange binary options. The Order, entered on March 9, 2017, …

CFTC Charges Ireland-based “Prediction Market” Proprietors Intrade and TEN with Violating the CFTC’s Off-Exchange Options Trading Ban and Filing False Forms with the CFTC

… Intrade and TEN with Violating the CFTC’s Off-Exchange Options Trading Ban and Filing False Forms with the CFTC … all in violation of the CFTC’s ban on off-exchange options trading. The CFTC’s complaint also charges Intrade … trading website, through which customers buy or sell binary options which allow them to predict (“yes” or “no”) …

CFTC Charges 14 Entities for Failing to Register as FCMs or Falsely Claiming to be Registered

… offering to the general public the opportunity to purchase binary options based off the value of commodities like foreign … and also located in San Diego and Toronto, claims to offer binary options based off the value of commodities like …

Financial Scammers Flock to Social Media

… Facebook and find an online group focused on discussions of binary options , forex , and/or trading   “signals” or systems that … links to educational seminars, demo platforms, and binary options signals services, which provide alerts for …

Federal Court Orders Alabama Company and its Owner to Pay Over $1.1 Million for Commodity Pool Fraud

… and registration violations in connection with binary options trading. The court’s March 31, 2021 order requires … accepted $294,545 from 70 members of the public to trade binary options contracts on the North American Derivatives …

Federal Court Orders Defendants to Pay More than $4.25 Million for Fraud and Misappropriation

… charging the defendants with fraud in connection with a binary options scam involving a virtual currency known as ATM Coin. … that the defendants solicited public customers to invest in binary options, promising an opportunity to be paid …