Banc De Binary — SEC, CFTC & CySEC Regulatory Case Dossier
Banc De Binary Ltd (formerly licensed by the Cyprus Securities and Exchange Commission under CIF License No. 188/13) became the centerpiece of international regulatory crackdowns on unlawful retail binary options solicitation and deceptive deposit bonuses.
Key Enforcement Milestones
- US SEC & CFTC Civil Enforcement (2013–2016): The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) charged Banc De Binary with illegally offering off-exchange binary options to U.S. retail customers without registering as a Designated Contract Market. In February 2016, the U.S. District Court ordered over $11 million in restitution and civil monetary penalties.
- CySEC Administrative Sanctions (€350,000 Settlement): CySEC penalized Banc De Binary for concealing operational call centers and violating MiFID client best-interest duties through high-pressure "bonus turnover" traps.
- Surrender of License (January 2017): Facing coordinated global enforcement and banking cutoffs, Banc De Binary renounced CySEC License #188/13 and shut down operations.
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