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FCA charges individuals in connection with binary options scheme Bespoke Markets Group

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FCA charges individuals in connection with binary options scheme Bespoke Markets Group



Reuben Akpojaro also worked for the Group and was charged with the same charges in May 2022.

The FCA also noted that further charges were brough against Raheel Mirza and a fifth individual, Taheer Sardar, for obstruction of FCA’s investigation. According to the Agency the two men made fake documents in order to influence the investigation.

The FCA stated that:

Binary options are a high-risk ‘all-or-nothing’ type of investment, which have been banned for retail use since 2019. An investor will try to predict when an event will occur. If they win, they’ll see a return, but if they’re wrong, they’ll lose all their investment.

LeapRate: FCA prosecutes individuals who participated in the binary options scheme Bespoke Markets Group



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