71 Binary Options and Forex providers added to CFTC RED List
As part of the U.S. Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the CFTC added 71 new names to the RED List. These 71 new additions bring the total number of foreign entities on the RED List to over 110.
The RED List – standing for “Registration Deficient” was launched in September 2015 and supplemented in April 2016. The RED List contains the names of unregistered foreign entities that the CFTC has reason to believe are soliciting and accepting funds from U.S. residents at a retail level for, among other things, trading in binary options or foreign currency (forex) and who are required to register with the CFTC but, in fact, are not registered. The RED List can be found at: www.SmartCheck.gov/REDList.
Registration is no guarantee against fraud or mismanagement by an otherwise unscrupulous firm; however, registration does bring a higher level of security and accountability to the public. For example, registration enables the CFTC to examine whether firms meet minimum financial standards as well as disclosure, reporting, and recordkeeping requirements under the Commodity Exchange Act.
The RED List works in conjunction with the CFTC’s SmartCheckSM campaign to help investors identify and protect themselves against illegal conduct. The RED List also complements registration information available to the public on the National Futures Association website (http://www.nfa.futures.org).
The CFTC publicizes the existence of the RED List to other government regulators, the media, consumer groups, industry participants, self-regulatory organizations, exchanges, and industry associations.
The 71 foreign entities added to the RED List are:
|10Markets||Eagle Gate||Omega Options|
|1Billion Forex||eXbino||Option Giants|
|AAFX Trading||FinPro Trading||Options24hours|
|Advanced Options||Forex Ltd.||Oracle Stone|
|Allgo Trading||Forex Ukraine||Planet Option|
|Anthony, John||FX Moneyworld||Price Markets Brokerage|
|AOS Holding||FXGM||Profitable Forex Advisors|
|ASK Options||FXT Swiss||Rbinary|
|AXI Trader||FXUmarkets||Safe Options|
|Azbinary||GFM Trader||Starling Capital|
|Barkley Capital||Glenridge Capital GMR||Stichting WST Capital|
|Bartle Investment Group||Forex Goptions.com||Tall Options|
|Binex Markets||Inside Option||TradeThunder|
|BoursoPro||Int’l Brokers Assn Mkts||uTrader|
|BoursoTrade||GT Options||Vision Binary|
|Byrix Financial Investments||Janus Options||Weathika|
|Capital Bank Markets||London Binary Option||WinOptions|
|Capital Trade House||Market Options||Wynn Finance|
|CT Option||MFX Brokers|
|Empire Options||Morton Finance|
The following CFTC staff members responsible for the RED List are: Erica Bodin, Michelle Bougas, Hannah Huynh, and Rick Glaser.
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