The CFTC added 21 non-registered foreign entities to its Registration Deficient List.
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The CFTC added 21 names to a list of foreign entities that are not registered with the CFTC. These entities are suspected of soliciting and accepting funds from U.S. retail investors for trading in binary options or foreign currency.
The CFTC filed suit in a U.S. District Court against a foreign-based company for operating as an unregistered retail foreign exchange broker and making material misrepresentations to customers.
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.