CFTC charges five entities for failing to register as FCMs
The complaints allege that the entities have operated as FCMs and claim to be regulated by the CFTC, but in fact are not registered as required by the CEA. All the respondents claim to be one of the leading platforms offering binary options, forex and spreads to the general public. Four of the five websites also tout purported customer testimonials apparently claiming to have earned significant funds trading binary options with that respondent. As alleged in the complaints, none of these entities are registered with the CFTC in any capacity.
The CFTC strongly urges the public to verify a company’s registration with the CFTC before committing funds. A company’s registration requirements can be found using NFA BASIC. More information can be found at cftc.gov/check. If you cannot verify registration requirements, don’t trade, give any money or share your personal information with that entity.
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