Action against Defendants, two business partners, for alleged operation of  an unregistered binary options trading business and fraud on investors.  According to the SEC, Defendants misrepresented to investors the probability of success and failed to disclose that one Defendant manipulated its software to the detriment of customers.  Defendants have agreed to a permanent injunction against participating in the issuance, purchase, offer, sale, or promotion of any binary option security, and disgorgement and civil penalties to be determined by the court.  One Defendant has been charged in a parallel criminal case.

SEC Litigation Release

SEC Complaint