# CFTC Charges Two Binary Options Firms with Fraud, Illegal Off-Exchange Activity, and Operating in an Unregistered Capacity

> CFTC release 7341-16 · 2016-03-17 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7341-16
- **Release date:** 2016-03-17
- **Type:** Fraud
- **Title:** CFTC Charges Two Binary Options Firms with Fraud, Illegal Off-Exchange Activity, and Operating in an Unregistered Capacity
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7341-16

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7341-16, "CFTC Charges Two Binary Options Firms with Fraud, Illegal Off-Exchange Activity, and Operating in an Unregistered Capacity", 2016-03-17. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/cftc-action/7341-16.

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