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Binary option cftc

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binary option cftc

Washington, DC — The U. Commodity Futures Trading Commission CFTC today announced that a binary district court has binary a civil Complaint that the CFTC filed with the Northern District option Illinois on Option 2,against two foreign web-based binary options firms, Vault Options, Ltd. Vault and Global Trader GTboth Israeli web-based binary. The Complaint states that the binary options are two-way directional options that allow customers to make predictive trades as to whether option price option a certain commodity will rise or fall. According to the Complaint, to cftc lawfully offered in the United States, binary options must be traded on a registered board of trade. However, the Complaint alleges that Vault and GT did not execute transactions on a registered board of trade and neither Vault nor GT has ever been registered with the CFTC in any capacity. As a result, the Complaint charges Vault cftc GT with operating as FCMs, binary being registered. The CFTC appreciates the assistance of the Israeli Securities Authority, the Cyprus Securities and Exchange Commission, and the Ontario Securities Commission. CFTC Option of Enforcement staff members responsible for this case are Camille M. Arnold, Judith McCorkle, Mary Beth Spear, Heather Dasso, Joseph Konizeski, Scott Williamson, and Rosemary Hollinger. The CFTC has issued a Consumer Alert to cftc about fraudulent schemes involving binary options and their trading platforms. Binary Alert warns customers that the perpetrators of these unlawful schemes cftc refuse to cftc customer accounts, deny fund reimbursement, commit identity theft, and manipulate option to generate losing trades. Also, see CFTC Press ReleaseSeptember 9, CFTC Publishes List of Foreign Entities that Illegally Solicit U. Customers can report suspicious activities or information, such as possible violations of commodity trading laws, to the CFTC Division of Enforcement via a Toll-Free Hotline FON-CFTC or file a tip or cftc online. Media Contact Dennis Binary Commodity Futures Trading Commission. Transparency International Contact Us. Press Releases General Press Releases Enforcement Press Releases. Resources Budget and Performance Educational Cftc Privacy Policy Web Policy FOIA EEO Statement No Fear Act Inspector General USA. Actions CFTC Regulations Commodity Exchange Act Public Comments Tips and Option Industry Filings Whistleblower. CFTC Headquarters Three Lafayette Centre 21st Street, NW Washington, DC binary

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