In a Complaint filed in the U.S. District Court for the District of New Jersey, the SEC alleged that two individuals placed orders on opposite sides of the market for the same put options using two accounts with two broker-dealers.
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IOSCO issued a Consultation Report containing policy approaches to enhance protections for retail investors purchasing OTC leveraged products.
A FINRA hearing panel fined a New York State-based broker-dealer for supervisory failures and misrepresentations to issuers in connection with redemptions of debt securities on behalf of a customer.
A FINRA hearing panel found that a broker-dealer intentionally misrepresented and omitted material information regarding sales of joint venture interests that constituted "securities."
A federal district court entered an Order of Final Judgment by Default that requires two web-based binary options firms to jointly and severally pay a $3 million civil monetary penalty and $1,587,731 in restitution to their defrauded customers.