Firm breached rules by allowing trading in unregistered binary options
Betting events amounted to binary options, regulator alleges
U.S. district court issues default judgment in global scheme
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