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TO DATE, ONLY ENTITY OFFERING BINARY OPTIONS WITH STATUS AS A DESIGNATED CONTRACT MARKET - NADEX

06/06/2013

CFTC Issues Fraud Advisory

The Commodity Futures Trading Commission’s (CFTC) Office of Consumer Outreach and the Securities & Exchange Commission’s Office of Investor Education and Advocacy are issuing this Investor Alert to warn about fraudulent schemes involving binary options and their trading platforms. These schemes allegedly include refusing to credit customer accounts, denying fund reimbursement, identity theft, and manipulation of software to generate losing trades.

Excerpt From Full Article:

"To date, only one entity that offers binary options has been granted status as a designated contract market— the North American Derivatives Exchange, Inc. All other entities that are offering binary options that are commodity options transactions are doing so illegally."

Friday, 07 Jun, 2013 / 6:47

Source : http://www.nadex.com/trading/nadex-news.html

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