Banc De Binary Retracts CFTC Press Release

Tuesday, 12/02/2013 | 11:50 GMT by Ron Finberg
Banc De Binary Retracts CFTC Press Release
mini-binary

Last month, binary options broker Banc De Binary announced that it had contacted the CFTC in regards to receiving US Regulation . The broker has now announced that they are retracting the earlier press release as it was “inaccurate”. Banc De Binary did not explain exactly what was inaccurate about its previous statement but posted that the CFTC has told them that it is forbidden for them to market their product to US persons.

"BDB's representatives issued a press release on January 25, 2013 regarding its operations in the United States. BDB retracts the press release. The release was inaccurate in several respects. BDB has been advised by the CFTC that it is not permitted to market binary options to United States persons. Thus, BDB will not take orders from United States persons. BDB intends to abide by all laws regulations and hopes to obtain permission to do business in the United States. Until then, BDB will not be permitted to offer its products to United States customers. Please check back on our website periodically for updates. Thank you for your patience."
mini-binary

Last month, binary options broker Banc De Binary announced that it had contacted the CFTC in regards to receiving US Regulation . The broker has now announced that they are retracting the earlier press release as it was “inaccurate”. Banc De Binary did not explain exactly what was inaccurate about its previous statement but posted that the CFTC has told them that it is forbidden for them to market their product to US persons.

"BDB's representatives issued a press release on January 25, 2013 regarding its operations in the United States. BDB retracts the press release. The release was inaccurate in several respects. BDB has been advised by the CFTC that it is not permitted to market binary options to United States persons. Thus, BDB will not take orders from United States persons. BDB intends to abide by all laws regulations and hopes to obtain permission to do business in the United States. Until then, BDB will not be permitted to offer its products to United States customers. Please check back on our website periodically for updates. Thank you for your patience."
Topics
CFTC
regulation
brokers
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Ron Finberg
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