CFTC Issues Social Media Customer Protection Advisory

Notice Type Notice ID
FAQ & Other 1044.070819

Please be advised that the CFTC has issued a customer protection advisory alerting consumers to be aware of unregistered brokers and advisors and other fraudulent offenders targeting victims on social media.  Nadex would like to remind its Members and prospective applicants to be mindful of where you put your money and verify the legitimacy of the individual or entity you intend to do business with.

The CFTC provides red flags and safety tips to help identify fraudulent social media profiles.  The CFTC Social Media Customer Protection Advisory is available at https://www.cftc.gov/PressRoom/PressReleases/7957-19?utm_source=govdelivery.

Nadex is registered with the CFTC as a designated contract market (“DCM”) and derivatives clearing organization (“DCO”), which can be verified on the CFTC website at https://www.cftc.gov/IndustryOversight/TradingOrganizations/index.htm and https://www.cftc.gov/IndustryOversight/ClearingOrganizations/index.htm.

Should you have any questions or require further information, please contact the Compliance Department.