Actions against Defendants, internet markets, for alleged fraud. The SEC alleges Defendants created fictitious websites, news stories, and testimonials to promote binary option trading brokers and were compensated with referral fees.  Defendant Sechovicz has agreed to pay disgorgement of $1,899,837, prejudgment interest of $83,571, and a civil penalty of $949,918.

SEC Complaint (Sechovicz) 

SEC Complaint (Szatmari)

SEC Litigation Release