CFTC Says Y Trading Brand Was Binary Options Fraud

[kreslik.news]

The now defunct binary-options brand Y Trading and its principal Yehuda L. Belsky, of Brooklyn, New York, have been hit with fraud charges for violating trading regulations and defrauding at least 14 customers.

The company apparently is no longer doing business via the internet, at least not while using the names under which it has been sanctioned and banned.

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The CFTC’s initial legal action in 2015 describes Y Trading charges as allowing U.S. customers to trade binary options products prohibited under the CFTC’s rules. The order also finds that Belsky, using the fake name of ... (read more)