March 15, 2016

The CFTC announced that a federal district court has unsealed a civil complaint the CFTC filed with the Northern District of Illinois on February 2, 2016, against two foreign web-based binary options firms, Vault Options, Ltd. and Global Trader 365, both Israeli web-based companies. The CFTC’s complaint alleges that the two firms unlawfully solicited and accepted more than $1 million from at least 50 U.S. customers to trade off-exchange binary options contracts, defrauded those customers, and operated as unregistered Futures Commission Merchants.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,