Wednesday, November 23, 2016

SEC News - Misleading Investors and Fraud


Firm Charged With Misleading Investors About Binary Options Profitability
An Israeli-based firm must pay more than $1.7 million for misleading investors into trading binary options over the internet, and the agency warned that other firms may be out there actively trying to do the same thing.

Movie Producer Charged With Defrauding Hedge Fund Investors
A former movie producer and self-proclaimed private equity executive has been charged with defrauding investors in hedge funds and using the money he stole to support his extravagant lifestyle.

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