Company Filings. Washington D. On Friday, April 16, , the Securities and Exchange Commission charged Israeli-based Spot Tech House Ltd. According to the SEC's complaint, Spot Option — under the control of Patarkazishvili, the company's founder and former chief executive officer, and Amiran, the company's former president — defrauded retail investors worldwide through a scheme involving the sale of online binary options.

The SEC has previously charged several entities and individuals in connection with their involvement in the sale of binary options using the Spot Option platform, including in the SEC v.

Banc de Binary , SEC v. Beserglik , and SEC v. Senderov cases. The SEC alleges that the defendants developed nearly all of the products and services necessary to offer and sell binary options through the internet, including a proprietary trading platform, and that they licensed these products and services to entities they called "white label partners," who directly marketed the binary options.

According to the complaint, Spot Option instructed its white label partners to aggressively market the binary options as a highly profitable investments for retail investors. As alleged, investors were not told that the defendants' white label partners were the counter-parties on all investor trades, and thus profited when the investors lost money. To ensure sufficient investor losses and make the scheme profitable, Spot Option allegedly, among other tactics, instructed its partners to permit investors to withdraw only a portion of the monies the investors deposited, devised a manipulative payout structure for binary options trades, and designed its trading platform to increase the probability that investors' trades would expire worthless.

According to the complaint, the defendants' deceptive business practices caused U. and foreign investors to lose a substantial portion of the money they deposited to their trading accounts. The defendants allegedly made millions of dollars as a result.

That is the time after which your prediction becomes right or wrong. Before you initiate the trading round, you get to know your fixed premium and fixed payout. So, you already know how much you will gain if you win and the amount you will lose if your predictions go wrong. Binary options trading is cash settled once your prediction is right. You do not have to worry about getting stuck in a dicey position with your underlying assets. Once you enter options trading, you are expected to know that your options can expire.

When the options expire, your entire investment might get triggered out of existence if they are touch binaries. If you choose stocks as your underlying asset, you must hold the stocks for the trading period.

However, you do not get dividends because it is held in options trading. There are five simple steps to successful binary options trading that every trader should follow. They include:. As simple as it seems from afar, the trading in itself is not simple. You have to learn the rudiments of trading binary options. There are different options, and you must understand the one that suits your investment plan. You should know the essential happenings in the market. Past occurrences, present happenings, and the projected future of the market.

You should know that binary options in the United States are different from the trading market outside the US. This way, you can accurately predict what will happen in a period.

Once you know the basics of binary trading, the next step is to understudy the available markets and pick the one that suits your investment plan.

It is advisable to choose the market that interests you. For instance, on Nadex, the available assets are stock indices, commodities, forex and events.

You can choose either of these and proceed to the next step. This step is quite challenging for every trader. It is in this phase that you deploy your knowledge of the market and strategies. When choosing your strike price, you must consider the probability and risk, then your knowledge of how the asset fared in the past and present. Once you decide your strike price, you can choose your expiration date and time. Placing the trade is quite simple. One of the essential steps that you cannot skip in binary trading is choosing a good broker.

It is advisable to choose a regulated broker with a long-standing pedigree in the market. Ensure that your choice of broker offers a reliable binary options platform and is always available to guide you in your investment.

Once you place your trade, you wait patiently and monitor the trading round. If your prediction becomes accurate at the expiration period, you will get your risked capital and bonus. However, if you see the trade going against your prediction, you can close your trade and minimize your loss. Like the stock market where you can invest at a low cost, binary trading has a similar perk.

However, the significant uniqueness of binary options trading is the ability to make profits from assets that are losing value.

Company Filings. Washington D. On Friday, April 16, , the Securities and Exchange Commission charged Israeli-based Spot Tech House Ltd. According to the SEC's complaint, Spot Option — under the control of Patarkazishvili, the company's founder and former chief executive officer, and Amiran, the company's former president — defrauded retail investors worldwide through a scheme involving the sale of online binary options.

The SEC has previously charged several entities and individuals in connection with their involvement in the sale of binary options using the Spot Option platform, including in the SEC v. Banc de Binary , SEC v.

Beserglik , and SEC v. Senderov cases. The SEC alleges that the defendants developed nearly all of the products and services necessary to offer and sell binary options through the internet, including a proprietary trading platform, and that they licensed these products and services to entities they called "white label partners," who directly marketed the binary options.

According to the complaint, Spot Option instructed its white label partners to aggressively market the binary options as a highly profitable investments for retail investors. As alleged, investors were not told that the defendants' white label partners were the counter-parties on all investor trades, and thus profited when the investors lost money.

To ensure sufficient investor losses and make the scheme profitable, Spot Option allegedly, among other tactics, instructed its partners to permit investors to withdraw only a portion of the monies the investors deposited, devised a manipulative payout structure for binary options trades, and designed its trading platform to increase the probability that investors' trades would expire worthless.

According to the complaint, the defendants' deceptive business practices caused U. and foreign investors to lose a substantial portion of the money they deposited to their trading accounts. The defendants allegedly made millions of dollars as a result. Hodgman, Acting Director of the SEC's Division of Enforcement. Leete, Associate Director in the SEC's Enforcement Division. The SEC's complaint, filed in federal district court in Nevada, charges Spot Option with violating the anti-fraud and registration provisions of the federal securities laws, and Malhaz Pinhas Patarkazishvili and Ran Amiran with violating the registration provisions of the federal securities laws and with controlling Spot Option in its violations of the anti-fraud provisions of the federal securities laws.

The complaint seeks disgorgement of ill-gotten gains, prejudgment interest, financial penalties, and permanent injunctions against all three defendants. The SEC's investigation was conducted by Deborah Maisel and Jason Anthony and supervised by Jennifer S. Leete and Melissa R. The SEC's litigation against the defendants will be led by Kenneth W. Donnelly and Samantha M.

Williams and supervised by Fred Block. The SEC appreciates the assistance of the British Virgin Islands Financial Services Commission, the Financial Supervision Commission of Bulgaria, the Czech National Bank, the Hong Kong Securities and Futures Commission, the Central Bank of Ireland, the Israel Securities Authority, the Swiss Financial Market Supervisory Authority, and the United Kingdom Financial Conduct Authority.

Search SEC. Securities and Exchange Commission. Press Release. SEC Charges Binary Options Trading Platform and Two Top Executives with Fraud FOR IMMEDIATE RELEASE Washington D. Related Materials SEC Complaint.

Soyuz Coolant Leak On the ISS May Prevent Three Astronauts From Going Home to Earth. by Disha Sethi 3 days ago. On Friday, April 16, , the Securities and Exchange Commission charged Israeli-based Spot Tech House Ltd. To ensure sufficient investor losses and make the scheme profitable, Spot Option allegedly, among other tactics, instructed its partners to permit investors to withdraw only a portion of the monies the investors deposited, devised a manipulative payout structure for binary options trades, and designed its trading platform to increase the probability that investors' trades would expire worthless. The expiry times ranges from 30 seconds, 1 minute, 2 minutes and 5 minutes. This will ensure that your money is safe and that the platform operates legally. Advertise Jobs Freelance Gigs Motoring Money.

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