While some binary options are listed on registered exchanges or traded on a designated contract market that are subject to oversight by U.
Binary Options Fraud | moyerfordmercury.com
Much of the binary options market operates through Internet-based trading platforms that are not necessarily complying with applicable U. For a comprehensive overview of binary options, including information about investing in binary options that are subject to U.
What is a Binary Option? When the binary option expires, the option holder will receive either a pre-determined amount of cash or nothing at all. Be Wary of Sales Pitches Representatives of binary options websites may use fictitious names and tout fake credentials, qualifications, and experience.
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They may misrepresent where they are calling from for binary options without investing your own funds, pretending that they are in the U.
If you are considering investing money with a binary options website, look out for these red flags: Unsolicited Offers.
High Pressure Sales Tactics or Threats.
Representatives of binary options websites may use high pressure sales tactics or even threats for example, threatening to file a lien against your property to swindle you. Identity Theft.
Protect yourself and safeguard your personal information. Constant Turnover of Representatives.
Issues with Withdrawals. Representatives of binary options websites may use delay tactics to hold up your withdrawal request until it is too late for you to dispute the charge s with your credit card company.
Credit Card Abuse. If you used a credit card to fund your account, keep an eye out for unauthorized charges on your credit card statements.
moyerfordmercury.com | Investor Alert: Binary Options Websites May Be Used for Fraudulent Schemes
Even if you signed a form purportedly waiving your right to dispute any credit card charges, report all unauthorized charges to your credit card company immediately. Government Impersonators. If someone claiming to be affiliated with the SEC contacts you and asks internet portal income to pay money to help you recover binary options investment-related losses, submit a complaint at www.
Furthermore, if any of the products offered by binary options trading websites are security-based swapsadditional requirements will apply.
In SEC v. Banc de Binarythe binary options seller allegedly solicited U. Some safeguards and remedies are available only to purchasers of securities in registered offerings.
In addition, individual investors may not be able to pursue, on their own, some remedies that are available for unregistered offerings. Additional Information.