| Revision as of 04:31, 8 June 2014 view sourceCorporateM (talk | contribs)Extended confirmed users, File movers, Pending changes reviewers, Rollbackers40,012 edits I'm not sure about this source - might be a press release repost? or perhaps it is just promotional because it is from a trade - not sure← Previous edit | Revision as of 04:32, 8 June 2014 view source CorporateM (talk | contribs)Extended confirmed users, File movers, Pending changes reviewers, Rollbackers40,012 edits I think this source may essentially be a press release repost? It reads like it, but perhaps it is only because it is a trade pubNext edit → | ||
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| '''Banc De Binary''' is a ]- and ]-based financial enterprise specializing in ] on ], ], and ].<ref name="one"/> Customers predict whether ] price will go up or down in a specific time period, where the payoff is either some fixed amount of some asset or nothing at all.<ref name="one">{{cite news|newspaper=Financial Times|date=June 7, 2013|title=US launches civil action against Banc de Binary|first1=Gregory|last1=Meyer|first2=Arash|last2=Massoudi |url=http://www.ft.com/intl/cms/s/0/f507568e-ced9-11e2-8e16-00144feab7de.html?siteedition=intl#axzz33htcsGvs}}</ref><ref>{{cite web|url=http://online.wsj.com/article/SB10001424127887324798904578529241482337164.html|title = Regulators Sue Prediction Site, Allege Illegal Options|publisher = Wall Street Journal |accessdate = 11 June 2013|archiveurl=http://www.webcitation.org/6L9hopyb5|archivedate=2013-11-15|quote=Banc de Binary offered U.S. customers options contracts on wheat, gold, currencies and stock indexes through its website, according to the CFTC complaint. The site essentially allows investors to gamble on the future price of something at a point in time.}}</ref> | '''Banc De Binary''' is a ]- and ]-based financial enterprise specializing in ] on ], ], and ].<ref name="one"/> Customers predict whether ] price will go up or down in a specific time period, where the payoff is either some fixed amount of some asset or nothing at all.<ref name="one">{{cite news|newspaper=Financial Times|date=June 7, 2013|title=US launches civil action against Banc de Binary|first1=Gregory|last1=Meyer|first2=Arash|last2=Massoudi |url=http://www.ft.com/intl/cms/s/0/f507568e-ced9-11e2-8e16-00144feab7de.html?siteedition=intl#axzz33htcsGvs}}</ref><ref>{{cite web|url=http://online.wsj.com/article/SB10001424127887324798904578529241482337164.html|title = Regulators Sue Prediction Site, Allege Illegal Options|publisher = Wall Street Journal |accessdate = 11 June 2013|archiveurl=http://www.webcitation.org/6L9hopyb5|archivedate=2013-11-15|quote=Banc de Binary offered U.S. customers options contracts on wheat, gold, currencies and stock indexes through its website, according to the CFTC complaint. The site essentially allows investors to gamble on the future price of something at a point in time.}}</ref> | ||
| The company was founded on January 15, 2009.<ref name="InvestingInterview">{{cite web|url=http://www.investing.com/brokers/banc-de-binary/interviews/banc-de-binary-ceo-oren-laurent-opens-up-on-binary-options-169615 |title=Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary |publisher=] |date= |accessdate=2013-11-11|first=Susan |last=Wright }}</ref> |
The company was founded on January 15, 2009.<ref name="InvestingInterview">{{cite web|url=http://www.investing.com/brokers/banc-de-binary/interviews/banc-de-binary-ceo-oren-laurent-opens-up-on-binary-options-169615 |title=Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary |publisher=] |date= |accessdate=2013-11-11|first=Susan |last=Wright }}</ref> | ||
| ==Regulation== | ==Regulation== | ||
Revision as of 04:32, 8 June 2014
 | |
| Company type | Private |
|---|---|
| Industry | binary options |
| Founded | 2009 |
| Key people | Oren Laurent (CEO) |
| Website | www.bancdebinary.com/ |
Banc De Binary is a Cyprus- and Israel-based financial enterprise specializing in binary options on commodities, stocks, and market indices. Customers predict whether asset price will go up or down in a specific time period, where the payoff is either some fixed amount of some asset or nothing at all.
The company was founded on January 15, 2009.
Regulation
On June 5, 2013, the Securities Exchange Commission filed a complaint alleging that Banc De Binary had been offering and selling binary options to investors across the U.S. without first registering the securities as required under the federal securities laws. In a message posted on Banc De Binary's website, the company stated that it "is voluntarily discontinuing ... all business with U.S. residents."
From 25 February 2013, Banc De Binary is registered "subject to limited regulation" by the U.K.'s Financial Conduct Authority.
External links
References
- ^ Wright, Susan. "Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary". Investing.com. Retrieved 2013-11-11.
- ^ Meyer, Gregory; Massoudi, Arash (June 7, 2013). "US launches civil action against Banc de Binary". Financial Times.
- "Regulators Sue Prediction Site, Allege Illegal Options". Wall Street Journal. Archived from the original on 2013-11-15. Retrieved 11 June 2013.
Banc de Binary offered U.S. customers options contracts on wheat, gold, currencies and stock indexes through its website, according to the CFTC complaint. The site essentially allows investors to gamble on the future price of something at a point in time.
- "Regulators Sue Prediction Site, Allege Illegal Options". Wall Street Journal. Archived from the original on 2013-11-15. Retrieved 11 June 2013.
- "Binary Options Trading Online with Banc De Binary". Retrieved 2013-08-17.
{{cite web}}:|archive-date=requires|archive-url=(help) - Kortekaas, Vanessa (October 30, 2013). "Fears rise as foreign forex operators fall outside UK regulation". Financial Times.
Banc de Binary, a Cyprus-based binary options trading company ... came to the UK in February.
- "Financial Services Register 2013". Bank of England Financial Services Register. Jun 2013. Retrieved 8 July 2013.