Action against Defendants, a binary options trading firm, its principals, and related entities, for alleged fraudulent solicitation. According to the CFTC, Defendants solicited investor funds through false statements that these funds would be used to trade binary options on the North American Derivatives Exchange (NADEX). The CFTC alleges that Defendants instead misappropriated the majority of the funds. The CFTC further alleges that Defendants filed a false statement with NADEX and issued false account statements to an investor. One Defendant principal has been charged in related criminal proceeding.