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CFTC Files Enforcement Actions Against Two Affiliate Marketers for Binary Options Fraud
The U.S. Commodity Futures Trading Commission announced today that it filed a pair of enforcement actions against two affiliate marketers, David Sechovich and Peter Szatmari for creating and disseminating millions of fraudulent solicitations to open and fund retail binary options trading accounts on websites operated by unregistered, off-exchange brokers. In one action, the CFTC issued an order filing and settling fraud charges against Sechovich, assessing more than $2.8 million in penalties and restitution. The order requires Sechovich to cease and desist from engaging in future violations of the Commodity Exchange ... (full story)