ASIC banned operators of binary options trading boiler room

Reason:
Unregulated
Content of Penalty:

ASIC has permanently banned Jana Jaros and Jackson Laurence Malcolm Capper from providing financial services or from engaging in any credit activities after they were convicted and sentenced on charges brought by ASIC.

In November 2017, Ms Jaros and Mr Cooper were convicted and sentenced for operating a financial services business without a licence and lodging false documents to ASIC containing false or misleading material (refer: 13-378MR).

Ms Jaros and Mr Cooper have the right to appeal to the Administrative Appeals Tribunal for review of ASIC's decision.

Date: 08/02/2018
Link: http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2018-releases/18-034mr-operators-of-binary-options-trading-boiler-room-banned-following-conviction/