Monthly Archives: May 2016

Option Financial Markets Now On Canadian Regulator’s Warning List

2016 05 26

British Columbia, one of the ten provinces in Canada, has issued a warning to residents against trading with Option Financial Markets. The company is a binary options brand owned by BO Technologies Limited. According to British Columbia’s financial regulator, BCSC, Option Financial Markets lacks the authorization to provide its financial services in the country. Therefore, […]

Japan Issues A Warning Against 7 More Brokerage Firms

2016 05 16

Not long ago, Japan’s financial watchdog, Kanto Financial Bureau of Japan’s Ministry of Finance (MoF), issued a warning against brokers that were offering trading services to Japanese nationals without proper local licensing. The number of companies on this list has now increased by seven more brokers. The companies are Star Material Asset Management Limited (i […]

Liberty Reserve Founder, Arthur Budovsky, To Spend 20 Years Behind Bars

2016 05 11

On Friday, Arthur Budovsky, the founder of the popular digital currency, Liberty Reserve, was sentenced to 20 years in prison. In its landmark judgment, the court held that the service facilitated money laundering. The origin of the funds Liberty Reserve was processing, which amounted to more than $8 billion, was claimed to have come from […]

Brokers Charged By The SEC For Taking $6 Million From Investor Funds

2016 05 09

Two unregistered brokers have been charged by the SEC (Securities and Exchange Commission) for tricking investors into giving them $6 million for an allegedly lucrative investment opportunity. However, the brokers went on to use some of the money on personal expenses. Investor Funds Used To Finance Personal Expenses The two brokers, James Trolice and Lee […]