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The U.S. Commodity Futures Trading Commission has stepped up its game against off-exchange binary options providers. The watchdog has frozen the assets of the founder of Vision Financial Partners, Neil Pecker after charging him and his company with soliciting almost $3 million from 120 clients.
The move comes amid increased scrutiny in the U.S. against providers of off-exchange binary options. CFTC has highlighted in its announcement that the alleged perpetrators of fraud related to providing trading with off-exchange binary options contracts has misappropriated about $2 million for personal use.
In a first drastic action against a binary options introducing broker operating ... (read more)