Cysec banc de binary

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Press Release from CySEC (Rough translation from Greek to English Courtesy of Google Translate) The Council of the SEC to inform investors that at its meeting held on 04.07.2014, decided to impose an administrative fine of €10,000 in CIF Banc De Binary Ltd (‘ the Company') for breach Article 139 ( 2 ) of the Investment Services and Activities and Regulated Markets Law of 2007, as ... CySEC fines Banc de Binary for flaws in its business dealings. This makes the second time that the firm will incur a penalty for the same case. Reportedly... The Cyprus Securities and Exchange Commission (CySEC) has imposed a fine of EUR 10 000 on the SpotOption Exchange binary options market maker for violations of the Investment Services and Activities and Regulated Markets. This misconduct relates to Banc de Binary’s unlicensed operations in the American binary options market, including failure to inform the CySEC of its services offered in the US, neglecting to disclose its intention of establishing an official American branch of operations and its false assurances to the regulatory body that it did not intend on providing services in the United States. Starting off with the incident back in May 2015, when CySEC slammed Banc De Binary with a marked up fine totalling to about EUR 20,000. The settlement was then originated after CySEC’s discovery of a dual breach, violating two counts of the Cypriot financial business clauses.

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