Rigged binary options execution enforcement actions
This library records 7 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
- 7
- Total penalties
- $156m
- Median penalty
- $78.1m
- Largest
- $153m
- Criminal parallel
- 57%
| 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 | — | filed |
| 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 | — | filed |
| CFTC v. Jared J. Davis (rigged binary options execution, 2023) | CFTC | 2019-09-17 | — | settled |
| 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 |