The United States Commodity Futures Trading Commission nurtures its RED list by adding another 34 crypto firms as unregistered foreign entities. Since 2015 the CFTC has included in the list 202 companies with a high risk of fraudulent activity.
including trading binary options, foreign currency or other products such as cryptocurrencies. The additions to the Registration Deficient List, or RED list, include B.O TradeFinancials, CryptoBO, Bitpay Options, CryptoSphereFX, Direct Cryptos and Prime Crypto FX.202 companies on the RED List, warning U.S.-based investors to be cautious “when participating in products or markets that historically have seen a large number of fraud complaints.
“Because they are not registered with the CFTC, customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards and guardrails long-adopted and deeply embedded in the CFTC’s oversight of the markets,”CFTC commissioner Kristin Johnson. “Transacting with unregistered entities, particularly those operating without such oversight and beyond our borders, may expose U.S. customers to significant and concerning risks.
NEWS: The RED List provides information to U.S. customers about unregistered foreign entities acting in a capacity that requires registration with the CFTC. Thirty-four new entities were added to the list today. Learn more at
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