Binary Options Firms Vault Options and Global Trader 365 Fined Over $4.5m
Posted: Thu Jul 28, 2016 10:21 am
The U.S. regulators continue taking significant penalizing actions against unlawfully operating binary options firms, who have been providing access to U.S. based clients. The U.S. Commodity Futures Trading Commission (CFTC) has fined two binary options brokerages – Vault Options and Global Trader 365 in its latest action.
A court order obtained by the U.S. watchdog has found Vault Options and Global Trader 365 guilty of providing their services illegally and awarded a penalty and restitution charges. The firms jointly have to pay a civil monetary penalty totaling $3 million and $1,587,731 in restitution the clients which the companies have defrauded.
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