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A California district court has entered into a final judgment against 3 operators of binary options schemes, who defrauded thousands of retail investors.

A clearly annoyed NPI boss Paul Crawford told me: 'We have no involvement with Your Options and have not provided any kind of approval to them. We will be contacting Your Options immediately to demand that they cease the misuse of our name and that they withdraw any promotional collateral that refers to us.'  Your Options and Ashley Parkin-Beacher did not respond to repeated invitations to comment.  Company records describe Your Options as a 'market research and public opinion polling' business, with no mention of financial expertise.  It seems likely it works on commission, drumming up b...

Get email notification for articles from Shelly Appelberg Follow Apr. 20, 2021 8:09 PM The U.S. Securities and Exchange Commission charged the Israeli-based binary options trading company Spot Option with deceiving U.S. investors out of more than $100 million. The regulatory agency announced the move Monday, saying it filed its complaint in a Nevada federal district court Friday. The SEC complaint names Spot Option, now called Spot Tech House, and former executives Malhaz Pinhas Patarkazishvili (aka Pini Peter), 45, and Ran Amiran, 50. Patarkazishvili owned 94% of Spot Option shares until Ma...

SEC Charges Binary Options Trading Platform And Two Top Executives With Fraud Date 19/04/2021 On Friday, April 16, 2021, the Securities and Exchange Commission charged Israeli-based Spot Tech House Ltd., formerly known as Spot Option Ltd., and two of its former top executives, Malhaz Pinhas Patarkazishvili (also known as Pini Peter) and Ran Amiran, with deceiving U.S. investors out of more than $100 million through fraudulent and unregistered online sales of risky securities known as binary options. According to the SEC's complaint, Spot Option – under the control of Patarkazishvili,...