Tuesday, September 19, 2023
Courthouse News Service
Tuesday, September 19, 2023 | Back issues
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Targeting Americans

AUSTIN, Texas — A federal court in Texas denied a Canadian broker’s motion to dismiss financial regulators’ lawsuit against him for his alleged role in a “massive fraudulent binary options trading scheme.” The broker had sufficient contacts in the U.S. and he “singled out customers in the United States,” so the court has jurisdiction.

Read the ruling here.

Categories / Briefs, Courts, Securities

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