Action against Defendants, five binary-options firms and four associated individuals, for alleged fraud.  According to the CFTC, Defendants solicited investor funds for a binary-options trading scheme.  The CFTC alleges that Defendants manipulated trade outcomes to force customer losses, concealed the fact that Defendants were taking the opposite sides of customer trades, and misrepresented the skills, location, and identities of its brokers, among other alleged violations.

CFTC Complaint

CFTC Press Release