BaFin Warns Against Trading with UB4TRADE

Much like the Whac-A-Mole game of 1970s fame, unregulated brokers continue to rear their vitamin-D deprived heads on the internet only to have them smacked down again by regulators. This Tuesday, the Federal Financial Supervisory Authority (BaFin), Germany’s largest regulator, brought the hammer down on UB4TRADE when it announced that […]

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AnyOption Shareholders File Lawsuits Against One Another

A legal dispute has arisen between shareholders in AnyOption Holdings (AOH) – formerly one of the key players in the binary options business. According to a report by Israeli outlet Globes, Moshe Hogeg, the CEO of venture capital fund Singulariteam, filed a lawsuit in Cyprus against the former owners of […]

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Citrades CEO Pleads Guilty to Running $8 Million Binary Option Scam

Jason Scharf, an Israeli-American operator of the now-defunct binary-options brand Citrades, pleaded guilty to his role as CEO of the company that swindled more than $8 million from at least 8,000 victims, most of them located in the United States. Jason Benjamin Scharf, 37, of Los Angeles, California, has been […]

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FSMA Warns Against New Boiler Room Operations

Here it is folks, your daily reminder that the never ending war on boiler room dwelling scammers is indeed never ending. This Thursday, the Financial Services and Markets Authority (FSMA), a Belgian regulator, released the names of six firms it said were trying to sell their services to citizens of […]

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FSC Warns Against 247 Options Trade for Second Time in 12 Months

The Financial Services Commission (FSC), a Mauritian regulator, announced this Wednesday that someone from the binary options firm, 247 Options Trade, is using a fake investor dealer license. Lilly Pearson, if that is even a real name, claims that the FSC issued her with the license in 2012. This isn’t […]

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