For feted adtech startup, a meteoric rise partly fueled by alleged fraudsters
timesofisrael.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofisrael.com Daily Mail and Mail on Sunday newspapers.
Ex-securities regulator now works for fintech firm that pushed him to weaken law
timesofisrael.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofisrael.com Daily Mail and Mail on Sunday newspapers.
A clearly annoyed NPI boss Paul Crawford told me: We have no involvement with Your Options and have not provided any kind of approval to them. We will be contacting Your Options immediately to demand that they cease the misuse of our name and that they withdraw any promotional collateral that refers to us.
Your Options and Ashley Parkin-Beacher did not respond to repeated invitations to comment.
Company records describe Your Options as a market research and public opinion polling business, with no mention of financial expertise.
It seems likely it works on commission, drumming up business for some middleman, but its claims are too flawed to be trusted. Steer clear.
Get email notification for articles from Shelly Appelberg
Follow
Apr. 20, 2021 8:09 PM
The U.S. Securities and Exchange Commission charged the Israeli-based binary options trading company Spot Option with deceiving U.S. investors out of more than $100 million.
The regulatory agency announced the move Monday, saying it filed its complaint in a Nevada federal district court Friday.
The SEC complaint names Spot Option, now called Spot Tech House, and former executives Malhaz Pinhas Patarkazishvili (aka Pini Peter), 45, and Ran Amiran, 50.
Patarkazishvili owned 94% of Spot Option shares until March 2017, when he transferred ownership to his wife, Limor Patarkazishvili. Amiran owned 2.5%.
The firm and the executives sold binary options online to U.S. customers.