{
  "id": "MSG-226",
  "slug": "msg-226",
  "title": "No forex, binary options or speculative-derivative content",
  "statement": "Campaign content must not promote forex, binary options, contracts for difference and other speculative derivatives.",
  "rationale": "These instruments are the ones retail regulators warn about most loudly, and SMS is where the promotion happens because it reaches people outside any suitability check. Twilio names them separately from the general stock and crypto ban because the promotion pattern is different — signal groups, copy-trading and leverage offers rather than tips on a named security — and because binary options are outright banned to retail investors in several jurisdictions the traffic reaches.",
  "layer": "MESSAGE_CONTENT",
  "layerSlug": "message-content",
  "object": "campaign.description + campaign.sample[] + campaign.message_flow",
  "severity": "BLOCKING",
  "detectability": [
    "AI_FORM"
  ],
  "failureClass": "HARD_STOP",
  "authorities": [
    "Twilio"
  ],
  "codes": [
    {
      "provider": "Twilio",
      "code": "30948",
      "remediable": false,
      "generation": "gen2"
    }
  ],
  "applicabilityText": "Applies to every 10DLC registration.",
  "universal": true,
  "remediation": "Remove the solicitation. Account servicing for people who already hold an account with a regulated entity is a separate, registrable category — frame the campaign that way, name the regulator and the registration in the description, and keep the samples to account events with no market commentary in them.",
  "notes": "Twilio 30948 also covers unregistered-securities offerings, which the catalog holds as a separate obligation requiring external data and human review (MSG-228). No rule in this registry decides that one.",
  "phase": "approval",
  "automated": true,
  "url": "https://ekas.io/rules/10dlc/message-content/msg-226/",
  "markdown": "https://ekas.io/rules/10dlc/message-content/msg-226.md",
  "registry": "https://ekas.io/rules/10dlc/",
  "updated": "2026-07-25",
  "licence": "CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/"
}