Action against Defendant, an options broker, for alleged unregistered securities offering and fraud on investors.  According to the SEC, Defendant operated several websites from which he publicly offered and sold binary options but failed to register with the SEC, misrepresented the profitability of the offered securities, manipulated trading results, and prevented investors from withdrawing funds.  According to the SEC, Defendant also misused and commingled investor funds with his own.  Defendant has agreed to pay disgorgement, prejudgment interest, and a civil penalty in amounts to be determined by the court.

SEC Litigation Release

SEC Complaint