Please forward this error screen to sharedip-160153764. On January 9, 2017, the company announced that it would be closing due to negative binary option full de coverage and its tarnished reputation. It was barred from accepting U.
11 million in restitution and fines to settle the suit. It is also banned from accepting customers in Canada, Australia, New Zealand, and Israel. In countries where it was not banned, the company operated an online trading website through which customers could buy binary options, predicting whether the price of a certain commodity will go up or down in a specific time period, as short as 60 seconds. Exchange which sets the price of the option. Customers did not own the asset but instead predicted whether its price would rise or fall. According to the fake news site, Hawking developed a trading algorithm which would in effect transfer wealth from the top 0.
The site led to a trading site operated by Option. Caribbean, that guaranteed trading profits using binary options. A second journalist traced the scam to Banc De Binary, which did not respond to his inquiries. Oren Shabat Laurent was named in a law suit as the CEO of Option. In an advertisement, the company also claims to have been founded in Seychelles in 2008. In a 2014 court case Banc De Binary claimed that it «is a small company, with approximately 60 employees». EEA, even though clients based in other countries might receive nothing if the company collapsed.
10,000 for «crisis management» of the BdB page on Wikipedia. A company official announced on January 9, 2017 that the company would be closing because of «consistently negative press» coverage. It’s just not worth the tarnished reputation. I don’t see how we can continue operating under such scrutiny and public image,» said the official. The firm remains under supervision by CySEC regarding previously incurred obligations and the formal closing of the firm. Reuters reported that the company’s headquarters had been closed, the company’s name removed, and a «for rent» sign placed on the building. Banc De Binary was really closing, but was rather relocating and changing its name.
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