Investors lost over US$100 million in illegal scheme, CFTC alleges
A report found the ban is effective in preventing retail investors from losing money
Pair ordered to pay $3.3 million in fines, costs and disgorgement
Owner of payment processor agrees to a fine and seven-year ban
ASIC follows Canadian and European regulators in banning risky options for retail investors
The court ruling helps clarify a legal grey area
The former CEO of an Israeli company was sentenced to jail in the U.S. for her role in the scheme
Alleged scheme involved marketing US$140 million in binary options
The regulator introduced measures to protect retail investors from complex, high-risk products in 2018
Trio allegedly used high-pressure tactics to sell binary options to vulnerable investors