Author Archives: Amir Amir

You are here:

Home
Article author Amir Amir

Sep112019

The sentencing of binary options and fund recovery fraudster Austin Smith

(Image via jta.org) Austin Smith speaking at Wealth Recovery’s office, Feb. 22, 2017. (Andrew Tobin) The sentence of binary options fraudster and fund recovery perpetrator Austin Smith is scheduled in the U.S. tomorrow. The New York-born Israeli Smith was one of the accomplices in Israeli Yukom Communications binary options scam with its brands BinaryBook and BigOption. The boiler room agent Austin Smith was probably one of…

Sep112019

All bets are off: Why ASIC wants to curb CFD trading

Business, International, Technology

Imagine you could go to your local TAB or a sports betting agency to make a $100 bet and were told you have to pony up 50 cents and pay the rest only if you lose. Well, that same principle applies in the world of high finance, with hundreds of thousands of Australians effectively punting…

Sep112019

Banc de Binary and CySEC Reach $300,000 Settlement

Business, International

Former binary options broker Banc de Binary reached a 300,000 euro ($335,408) settlement with the Cyprus Securities and Exchange Commission earlier this year. The regulator released a statement on Wednesday saying that it had agreed to the settlement in March of this year. According to that statement, the broker allegedly infringed upon a number of different regulatory standards. CySEC…