CFTC Adds 21 New Forex and Binary Options Brands to its ‘RED List’
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CFTC Adds 21 New Forex and Binary Options Brands to its ‘RED List’
The US Commodity Futures Trading Commission (CFTC) today updated its caution list, the ‘RED List’, in which it warns the public against unauthorized FX and binary options firms that are illegally conducting financial services targeting the country’s residents.
The CFTC added 21 new names to the list, bringing the total number of backlisted entities to over 125.
Short for ‘Registration Deficient List’, the RED list follows the example of other regulators abroad, such as the AMF (Autorité des marchés financiers) in France, which allows investors to identify unregistered foreign entities that may be engaged in illegal practices.
The US ... (read more)
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