The US CFTC Issues an Amendment to Its Complaint Against Banc De Binary

A press release on the website of the US Commodity Futures Trading Commission (CFTC) detailed that the regulator has amended the charges against Banc De Binary, which it filed for last June, including three Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Read this Term, two of which are incorporated in the Republic of Seychelles - BO Systems Ltd. and BDB Services Ltd., and one in Israel - E.T. Binary Options Ltd.

The regulator stated in its press release that the affiliate companies have been charged with crossing the regulatory ban on offering off-exchange option contracts to US residents and with soliciting, accepting and confirming Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term orders from customers based in the US between May 2011 and March 2013. Banc De Binary and the affiliated companies are also faced with charges of operating as unregistered Futures Commission Merchants (FCMs) during the same period.

Additionally, the CFTC has charged Oren Shabat Laurent as the Controlling Person behind the corporate entity Banc De Binary. The press release stated that all of the above mentioned parties operated as a single enterprise under the trade name "Banc De Binary".

The regulator is seeking civil monetary penalties, restitution, disgorgement and rescission complemented with a permanent injunction for the Defendants to participate in activities related to commodity options offerings.