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CFTC Charges Former Head of International Binary Options Scheme with $10 Million Fraud | CFTC
The complaint alleges that Davis misrepresented the number jared davis binary options investors who successfully traded binary options and failed to disclose that, to be successful, jared davis binary options, an investor would need to win an unlikely high percentage of trades. Davis, jared davis binary options, Pinchot, and their companies are said to have effectively took the opposing position on each trade and therefore made money when jared davis binary options entered into losing binary options trades.
The complaint also alleges that Davis failed to inform investors that he frequently manipulated the options trading software to increase the odds of investor losses. These judgments got the approval of the Court late last week. Under the judgments, the defendants are permanently enjoined from violating the above-mentioned provisions of the federal securities laws, and from participating in the issuance, purchase, offer, sale, or promotion of any binary option security.
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, time: 10:47CFTC Hits Operator of Three Binary Options Brands with Fraud Charges
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