ANNOUNCEMENT – (Cysec) The Cyprus Securities and Exchange Commission

ANNOUNCEMENT The Cyprus Securities and Exchange Commission (the ‘Commission’) announces that, following a review at European level of how binary options are classified and regulated in other EU member-states and having requested and received the opinion of the European Commission, has decided to include binary options in the list of financial instruments that fall within …

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Binary options and Fraud – Investor alert!

The SEC’s Office of Investor Education and Advocacy and the Commodity Futures Trading Commission’s Office of Consumer Outreach (CFTC) are issuing this Investor Alert to warn investors about fraudulent promotion schemes involving binary options and binary options trading platforms. These schemes allegedly involve, among other things, the refusal to credit customer accounts or reimburse funds …

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Banc De Binary to Pay $11m Settlement to US Regulators

Following a multi-year investigation Banc De Binary is to pay $11m to settle with CFTC/SEC over allegations of illegally soliciting US clients. The online brokerage and Liverpool Football Club sponsor Banc De Binary has reached an $11 million settlement with US authorities after several years of investigations over it illegally providing binary options trading to …

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Interactive Options operated by Pegase Capital LTD is suspended by CYSEC,

The Cyprus Securities and Exchange Commission (‘CySEC’) announces that the authorisation of the Cyprus Investment Firm ‘Pegase Capital Ltd’ (‘the Company’), with number 225/14, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (‘the Law’), as there are suspicions of an alleged violation …

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Cysec fined SpotOption Exchange Ltd 10,000 Euro.

The Board of the Cyprus Securities and Exchange Commission (the ‘CySEC’) wishes to inform investors that, at its meeting held on December 14, 2015, the CySEC decided to impose a total administrative fine of €10.000 on the CIF SpotOption Exchange Ltd (‘the Company’) for non-compliance with the following the Investment Services and Activities and Regulated …

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Important Legal Steps in the Fight Against Binary Options Scams

While the internet has ushered in an age of instant communication and made it possible to access a vast library of information from all over the world, it has also enabled a new generation of conmen and scammers. One of the newest and most dangerous kinds of web scams are the various binary options trading sites that …

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More Forex Arrests: Israeli Sentenced to Three Years in U.S. Prison

Additional signs are coming in that authorities around the world and in the U.S. are starting to get serious about combating both Binary Options and Forex scammers. The latest news was reported by the Times of Israel, which covered the conviction of an Israeli citizen for Forex fraud and his sentencing to three years in prison. The …

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