The Commodity Futures Trading Commission updated its Registration Deficient List (Red List) by adding 43 unregistered foreign entities that it says appear to be operating in capacities that require CFTC registration, to help US market participants make more informed trading decisions and avoid fraud. The Red List, launched in 2015, now contains almost 300 entities. Firms are added when the CFTC, based on investigative leads and public inquiries, determines they are not registered with the Commission and appear to be acting as derivatives intermediaries, including in areas such as binary options and foreign exchange trading. The release also reiterates the CFTC’s consumer warning on binary options-related fraud schemes, including tactics such as refusing to credit customer accounts, denying reimbursements, committing identity theft, and manipulating trading software to generate losing trades.
Commodity Futures Trading Commission 2025-05-29
Commodity Futures Trading Commission adds 43 unregistered foreign entities to its Red List
The Commodity Futures Trading Commission (CFTC) has added 43 unregistered foreign entities to its Registration Deficient List (Red List), now totaling nearly 300. These firms seem to act as derivatives intermediaries without CFTC registration, especially in binary options and foreign exchange trading. The CFTC reiterates its consumer warning on fraud schemes involving binary options, including account manipulation and identity theft.