SEC Brings Charges in Binary Options Scheme
The Securities Exchange Commission filed suit against Spot Tech House Ltd., and two of its top executives, for allegedly operating a binary options scheme defrauding investors worldwide. Writes the SEC:
“To ensure sufficient investor losses and make the scheme profitable, Spot Option allegedly, among other tactics, instructed its partners to permit investors to withdraw only a portion of the monies the investors deposited, devised a manipulative payout structure for binary options trades, and designed its trading platform to increase the probability that investors’ trades would expire worthless.”
If you have been affected by financial fraud, fiduciary malfeasance, or are under investigation by the SEC or FINRA, speak with an attorney at Warren Law Group today for a free assessment of your case: (866) WLGROUP, or email firstname.lastname@example.org.