Scottish Shell Firms Fronting for Unlicensed Binary Options Websites

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Scottish Shell Firms Fronting for Unlicensed Binary Options Websites

Postby kreslik.news » Mon Aug 15, 2016 10:03 am


Scottish shell companies are being used as fronts for unregulated and unlicensed binary options trading platforms, many of which have been condemned as internet scams, according to a report today in Herald Scotland.

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International watchdogs, including Britain’s Financial Conduct Authority (FCA), have published warnings about such internet sites in recent weeks amid concerns that consumers are losing “substantial sums of money” executing high-risk trades.

Huge Financial Losses

The Herald’s investigation found that some binary options websites are trading using controversial Scottish limited partnerships, known as SLPs, a ... (read more)

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