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Revision as of 04:38, 8 June 2014 view sourceCorporateM (talk | contribs)Extended confirmed users, File movers, Pending changes reviewers, Rollbackers40,012 edits various copyedits, misc← Previous edit Revision as of 04:39, 8 June 2014 view source CorporateM (talk | contribs)Extended confirmed users, File movers, Pending changes reviewers, Rollbackers40,012 edits The WSJ source says it was both government agencies, not just the SEC + it was a lawsuit, not merely a complaintNext edit →
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'''Banc De Binary''' is a ]- and ]-based ] trading company.<ref name="one"/> Customers of its service attempt to predict the future price an asset like gold, stocks, oil, or market indexes will reach within a specific time period.<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> '''Banc De Binary''' is a ]- and ]-based ] trading company.<ref name="one"/> Customers of its service attempt to predict the future price an asset like gold, stocks, oil, or market indexes will reach within a specific time period.<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>


On June 5, 2013, the ] filed a complaint alleging that Banc De Binary had been offering and selling binary options to investors in the U.S. without first registering the securities as required under federal securities laws.<ref name = "WSJ">{{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}}</ref><ref name="one"/> On June 5, 2013, the ] and the ] filed a lawsuit alleging that Banc De Binary had been offering and selling binary options to investors in the U.S. without first registering the securities as required under federal securities laws.<ref name = "WSJ">{{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}}</ref><ref name="one"/>


In February 2013, Banc De Binary registered with the ]'s ] "subject to limited regulation".<ref>{{cite news|date=October 30, 2013|title=Fears rise as foreign forex operators fall outside UK regulation|first=Vanessa|last=Kortekaas |url=http://www.ft.com/intl/cms/s/0/f7aa8634-40b4-11e3-8775-00144feabdc0.html#axzz340DZeX00 |newspaper=Financial Times|quote=Banc de Binary, a Cyprus-based binary options trading company ... came to the UK in February.}}</ref><ref>{{cite web|title=Financial Services Register 2013|publisher=Bank of England Financial Services Register|date=Jun 2013|url=http://www.fsa.gov.uk/register/firmRegulator.do?sid=314566|accessdate=8 July 2013}}</ref> In February 2013, Banc De Binary registered with the ]'s ] "subject to limited regulation".<ref>{{cite news|date=October 30, 2013|title=Fears rise as foreign forex operators fall outside UK regulation|first=Vanessa|last=Kortekaas |url=http://www.ft.com/intl/cms/s/0/f7aa8634-40b4-11e3-8775-00144feabdc0.html#axzz340DZeX00 |newspaper=Financial Times|quote=Banc de Binary, a Cyprus-based binary options trading company ... came to the UK in February.}}</ref><ref>{{cite web|title=Financial Services Register 2013|publisher=Bank of England Financial Services Register|date=Jun 2013|url=http://www.fsa.gov.uk/register/firmRegulator.do?sid=314566|accessdate=8 July 2013}}</ref>

Revision as of 04:39, 8 June 2014

Banc De Binary
Company typePrivate
Industrybinary options
Founded2009
Key peopleOren Laurent (CEO)
Websitewww.bancdebinary.com/

Banc De Binary is a Cyprus- and Israel-based binary options trading company. Customers of its service attempt to predict the future price an asset like gold, stocks, oil, or market indexes will reach within a specific time period. The company was founded on January 15, 2009.

On June 5, 2013, the Securities Exchange Commission and the Commodity Futures Trading Commission filed a lawsuit alleging that Banc De Binary had been offering and selling binary options to investors in the U.S. without first registering the securities as required under federal securities laws.

In February 2013, Banc De Binary registered with the U.K.'s Financial Conduct Authority "subject to limited regulation".

External links

References

  1. ^ Wright, Susan. "Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary". Investing.com. Retrieved 2013-11-11.
  2. ^ Meyer, Gregory; Massoudi, Arash (June 7, 2013). "US launches civil action against Banc de Binary". Financial Times.
  3. "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.
  4. "Regulators Sue Prediction Site, Allege Illegal Options". Wall Street Journal. Archived from the original on 2013-11-15. Retrieved 11 June 2013.
  5. 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.
  6. "Financial Services Register 2013". Bank of England Financial Services Register. Jun 2013. Retrieved 8 July 2013.
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