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Rigged binary options execution enforcement actions

This library records 8 enforcement actions tagged rigged binary options execution. Rigged binary options execution is a platform operator programming, or ordering staff to alter, the trading software so a customer's "trade" settles as a loss regardless of the real market price, because the transaction was never sent to any market at all.

Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the rigged binary options execution technique page.

Actions
8
Total penalties
$495m
Median penalty
$78.1m
Largest
$339m
Criminal parallel
63%
Action Agency Filed Penalty Status
CFTC v. Glenn Olson (rigged binary options execution, 2021) CFTC 2021-04-06 — settled
CFTC v. Cartu et al. (rigged binary options execution, 2020) CFTC 2020-09-02 $100k judgment
CFTC v. Cartu et al. (rigged binary options execution, 2024) CFTC 2020-09-02 $153m judgment
CFTC v. Jared J. Davis (rigged binary options execution, 2019) CFTC 2019-09-17 — settled
CFTC v. Jared J. Davis (rigged binary options execution, 2023) CFTC 2019-09-17 — settled
CFTC v. International Enterprise (rigged binary options execution, 2019) CFTC 2019-08-12 $339m judgment
CFTC v. Cohen (Yukom Communications, rigged binary options execution, 2024) CFTC 2019-08-12 — settled
CFTC v. Kantor et al. (rigged binary options execution, 2019) CFTC 2018-04-16 $2.8m judgment