Banc De Binary to Pay $11M Settlement to US Regulators

[kreslik.news]

The online brokerage and Liverpool Football Club sponsor Banc De Binary has reached an $11 million settlement with US authorities after several years of investigations over it illegally providing binary options trading to US customers.

Following a multi-year investigation following a number of charges hit Banc De Binary by the CFTC in 2013, today the company has reached a settlement with US Authorities agreeing to pay $7.1 million in restitution and disgorgement, and $2 million in civil penalties to the CFTC, and $1.95 in civil penalties to the US SEC, and according to filings this week in a Nevada Court.

The ... (read more)