CME Group to Offer Binary Options Products in September
CME Group is reportedly planning to launch binary options trading to attract more retail traders, despite being banned by most European regulators.According to the Financial Times, the ‘event...
View ArticleCME’s Event Contracts: Are Binary Options Back?
Binary options are notoriously controversial in several jurisdictions. These trading instruments are banned in the United Kingdom, European Union, Canada and Australia, which was the latest one to...
View ArticleSpotFN and Binary FN Boss Extradited to the US, Faces Wire Fraud Charges
David Butler, the mastermind behind a $5.8 million binary options scam, has been extradited from Costa Rica to the United States last Thursday to face charges of conspiracy to commit wire fraud. He was...
View ArticleRobinhood Introduces Options Trading for Cash Account Holders
Robinhood, a major US commission-free stock trading and investing app, announced on Wednesday that options trading in cash accounts is now available on its platform. Options trading is the trading of...
View ArticleDukascopy Onboards 405 New Stock CFDs to Meet Customer’s Requests
Dukascopy Bank SA, a Geneva-based retail forex and contract for difference (CFD) brokerage firm, has added 405 new stock CFDs to its portfolio.These stock CFDs cover companies such as motorcycle...
View ArticleLawrence Jones Joins Oval Money as Head of Digital Acquisition
Lawrence Jones, a former Interim Head ofDigital Marketing at Pepperstone, has joined Oval Money, operator of OvalX, a UK-headquartered derviates trading firm, as Head of DigitalAcquisition.Jones...
View ArticleKazakhstani Broker Inveslo Promotes Ramandeep Singh to VP South Asia
Inveslo, a Kazakhstan-registered forex and contract for difference (CFD) broker, has promoted Ramandeep Singh to the position of Vice President of South Asia.Singh announced this appointment on Monday...
View ArticleFXBFI Broker Pays €150K to CySEC to Settle Possible Violations
FXBFI Broker Financial Investment Limited, an investment firm registered in Cyprus, has paid €150,000 to the Cyprus Securities and Exchange Commission (CySEC) to settle possible violations of the...
View ArticleGlobal Brokerage’s Net Revenue Surges 22% to $37.8 Million in Q2 2022
Global Brokerage Inc., the owner of FXCM, an online forex trading and contract for difference (CFD) broker, recorded 21.6% growth in its net revenue in the second quarter of 2022.The net revenue in the...
View ArticleSpotFN Operator Pleads Guilty to $2.9 Million Binary Options Fraud
A citizen of the United States, 52-year-old David Butler, is facing up to 20 years in prison for a binary options fraud of over $2.9 million. The US Department of Justice disclosed on Wednesday that...
View ArticleASIC Extends Binary Options Ban until October 2031
The Australian financial market regulator, ASIC, confirmed the extension of the ban on the issue and distribution of binary options to Aussie retail clients until 1 October 2031 on Monday.The product...
View ArticleCME Group Launches Event Contracts for Retail Investors
The Chicago Mercantile Exchange (CME) Group, one of the world’s largest derivatives marketplaces, launched event contracts for retail investors on Monday to trade global benchmark products.Previously,...
View ArticleUK FCA Charges Four Individuals with £1.2M Binary Options Fraud
The UK Financial Conduct Authority (FCA) has charged four individuals for their involvement in a binary options investment that defrauded investors of £1.2 million. The four accused parties are Cameron...
View ArticleIsrael Seeks to Extradite 6 Citizens to US over $145M Binary Options Fraud
On Wednesday, Israel’s State Attorney’s Office asked the Jerusalem District Court to sanction the extradition of six Israeli citizens to the United States to stand trial for their involvement in a...
View ArticleUK Court Jails Three for Binary Options Scam
On Thursday, a UK Court convicted and sentenced individuals associated with a London-based company called Bespoke Markets Group (BMG) for defrauding 120 investors of roughly £1.2 million. Convicts of a...
View ArticleUS Operator of Binary Option Brands Fined $516K for $10M Scam
A federal court in Ohio has ordered Jared Davis, the mastermind of a $10 million binary options scam, to pay $561,971 in restitution to defrauded victims. Davis operated the fraudulent binary options...
View ArticleSVG Brokers Seek New Home in Other Jurisdictions after Regulator's Deadline
It has been three months since the deadline given to forex brokers by St. Vincent and the Grenadines' (SVG) financial watchdog elapsed. In January, the Financial Services Authority (FSA) ordered forex...
View ArticleSignalPush, a Binary Options Signal Provider, Fined $100,000
The US Commodity Futures Trading Commission (CFTC) has received a court order to impose a fine of $100,000 against BareIt Media LLC, operated as SignalPush, a provider of binary options signals, and...
View ArticleTransformative, Predictive, Automated - 2024's RegTech AI Revolution
As the new year approaches, it is possible to make educated predictions about what the financial landscape will look like in the coming year and possibly beyond. Although everyone has their own...
View ArticleCourt Orders $204.6 Million Penalties in CFTC Binary Options Case
The Commodity Futures Trading Commission (CFTC) has secured a victory in its pursuit of justice against fraudulent binary options operators. The US District Court for the Western District of Texas has...
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