Investor Alert: Binary options and Fraud - SEC
The SEC has received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms. The complaints fall into at least three categories:
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
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In an advance fee scheme, the victim is persuaded to pay money up front in order to take advantage of an offer promising significantly more in return. The catch is that the scammer takes the money and the victim never hears from them again.
Binary options have legitimate uses for hedging risks by fund managers and other sophisticated investors. And the limited downside and low capital requirements make binary options attractive to some other investors. However, they are rarely appropriate for most investors. The SEC warned that the options are highly risky and, in fact, investors will, on average, lose money on typical binary options.
Don’t panic. There is actually a way to recover your funds thanks to a group of experts who are able to give you a more effective way to fight back to recover your money after being scammed.
If your prediction comes true, you will win and earn a commission on your investment. If the value doesn’t change as you predicted, you will lose all the money invested to lock in your prediction.
In 2011, 167 victims reported more than million dollars in losses to investment scams. This represents a 51 percent increase in reported dollar loss since 2009, when million dollars in losses were reported by 13 victims and a 27 percent increase in victim reporting.
However, the CSA, which is a council of provincial and territorial securities regulators, cautions that in many cases, no actual trading occurs, and the bet takes place solely for the purpose of taking the investor's money.
Beware of binary options scams ! Every day, binary options traders around the world are tricked by some of the frauds below and we’ve read hundreds of ...
We have published a list of firms without FCA authorisation that we understand to be offering binary options trading to UK consumers.
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The World’s Largest Financial Market, Forex, allows speculation on currencies. EUR/USD, GBP/USD, which economy and its currency will overshadow the others? You determine.
are a veteran regulated company; they don’t hide the name of the owning company and overall provide all the information needed with transparency and honesty. We managed to make a withdrawal to see if any problems arise, no problems here. Overall, our research concludes that is not a scam.
Both the Commodity Futures Trading Commission and Securities and Exchange Commission have issued alerts related to binary options: