24 options / LM Swiss Forex scamm

Thomas Dale



  • 24 OPTION EMAIL.pdf
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  • SEC REPLY.pdf
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Thomas Dale

Above are two email send to me, one from 24 Options telling me that there was over 94,000 GBP in an old account that Security and exchange had exacted a fine for not filing my trading and if I wanted my money the money I had to pay the fine to them and they would send it to SEC and would send my money to me. The amount owing was over $8000 which I paid. Then 24 Options acknowledged the receipt of the money but said SEC had a record of dealing with other companies so they asked for the list of all companies I had traded with onlone.

I sent that list and they said that they found over 330,000 owing to me and now I owed over $15,000USD.

The second email : I emailed a enclosed email to SEC and they responded no such fine or case was found in their New York Division and the there was no such employee named Eric Park. The said this was a fraud and to check with the Cyprus security that 24 Options claimed to have a licence. The Cyprus list of members did not include 24 options nor LMSwiss as members. Here are the two emails One from 24 Options and the other from SEC

List of U.S.Regulated Binary Brokers: U.S./CANADA Friendly Binary Brokers
CySEC Regulated
Up to 100% Bonus
Multilingual Support

SEC Response HO::~00617084~::HO
: SEC Response HO::~00617084~::HO" aria-expanded="true" data-cid="default0/INBOX.177748" data-loaded="true" role="listitem" tabindex="1" style="box-sizing: border-box; border-bottom: 1px solid transparent; position: relative; overflow-y: visible; clear: both; width: 1399.33px; font-size: 13px; line-height: 19px; padding: 0px; cursor: default; outline: 0px; left: 0px; transition: left 0.4s cubic-bezier(0.1, 0.7, 0.1, 1), padding 0.4s cubic-bezier(0.1, 0.7, 0.1, 1); z-index: 1; margin-bottom: 0px; background-color: rgb(255, 255, 255);">

8:47 AM
"Help" <help@sec.gov>
To tomdale@bell.net

Dear Dr. Dale:

Thank you for contacting the U.S. Securities and Exchange Commission (SEC). We have received the additional emails you sent to the SEC on June 2, 2017 regarding 24Option and LMSwiss. The emails you received from 24option/LMSwiss said your account would be suspended and you would be assessed various regulatory penalties by the SEC and the U.S. Commodities Futures Trading Commission (CFTC).

As I indicated in my Tuesday, June 6th voicemail, the correspondence you received appears to be an attempt to defraud you. The statutes and regulations 24option/LMSwiss cited in the letter are not applicable to your situation. For example, the correspondence references Fair Funds, but SEC Fair Funds are established after the SEC has brought a successful enforcement action against a wrongdoer in order to return money to harmed investors (see https://www.sec.gov/oiea/investor-alerts-bulletins/ib_recovermoney.html).

One of the more common types of fraudulent schemes directed at non-U.S. investors by entities falsely claiming to be registered with the SEC involves requests that investors pay a fee in advance as a condition of closing a proposed transaction (referred to as “advance fee fraud&rdquo After the investor pays the advance fee or similar fees, the entity typically breaks off contact. In the end, the proposed transaction does not take place, and the investor is never paid -- and never recovers -- the fees paid in advance. For more information on advance fee frauds and other types of scams, see “Advance Fee Schemes,” available at https://www.investor.gov/additional...updated-investor-alert-be-lookout-advance-fee.

An additional source of information about firms or entities that claim to be, but are not, registered with the SEC is the SEC’s Public Alert: Unregistered Soliciting Entities (PAUSE) webpage at http://www.sec.gov/investor/oiepauselist.htm. The PAUSE list includes entities that have been the subject of investor complaints and for which SEC staff has determined that (i) there is no U.S. registered securities firm with this name, or (ii) there is a U.S. registered securities firm with the same (or a similar) name, but solicitations appear to have been made by persons who are not affiliated with the U.S. registered securities firm

You may also be interested in reviewing our Investor Alert on fraudulent promotion schemes involving binary options and binary options trading platforms at www.sec.gov/investor/alerts/ia_binary.pdf and https://www.sec.gov/oiea/investor-alerts-bulletins/ia_binaryoptions.html.

Because you are in Canada, we suggest you report your concerns to the Canadian Securities Administrator (CSA) at the contact provided below.

Tour de la Bourse
800, Square Victoria
Suite 2510
Montreal, QC H4Z 1J2
Tel: (514) 864-9510
Fax: (514) 864-9512
Email: csa-acvm-secretariat@acvm-csa.ca

24 Option’s website discloses that it is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). As such, you may want to consider contacting the Cyprus authorities for any additional assistance it may be able to provide. Its office is located in Nicosia, Cyprus at 32 Stasikratous Street, 4th Floor; however, the mailing address is: Securities & Exchange Commission, P.O. Box 24996, 1306 Nicosia, Cyprus. To reach CySEC by telephone or email, use the following: (357 22) 875475 or info@cysec.gov.cy. For further information, see the CySEC website at www.cysec.gov.cy/.

You also might check with the CFTC, the other U.S. regulator referenced in the letter you received. The CFTC investigates and prosecutes fraud against CFTC-registered firms and their affiliates offering or selling foreign currency futures and options contracts. To contact the CFTC by traditional mail, write to: Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington DC 20581. The CFTC toll-free complaint line phone number is: (866) 366-2382. Finally, to review the CFTC’s Consumer Protection and Online Complaint Information materials, go to: www.cftc.gov/ConsumerProtection/index.htm.

If you have any questions, you can reach me by replying to this email (help@sec.gov) or at (202) 551-5438.


Katherine Shiu
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330



Lt. Colonel
Few steps that you must follow to draw their attention to your issue,
Follow the suggested steps below:

If you deposited your money via credit card then contact the credit card customer care asap and ask them to file a chargeback.
Go to their website and invite them to here via Live Chat
Invite them to join this thread via email (Send an email to every possible address).

You will find their email and address https://www.24option.com/eu/contact-us/

Also, Share your story as a review http://www.forexpeacearmy.com/forex-reviews/8634/www.24option.com

You can also share your story on their social media pages mentioned below:








You can also open FPA trader’s court case against them. To do so, Visit this link www.forexpeacearmy.com/community/pages/traders-court/ and follow the suggested steps there

Note: Don’t forget to update your review/s when you got solution of your problem, Best Of Luck