Interweb of Crazy - Banc De Binary

The founders of these companies have done a good job of flooding the SEO of all search engines (Google, etc) YouTube, Twitter and other social media site with diversion tactics.

For most with a casual search, you are not able to find any information on these companies. They essentially are all operating under different names and may very well be the same fraud originators.

For instance, you can find most of these sites under for Grey Mountain Management and the trading software that runs these sites, such as Spot Option and Panda Trading.

PandaTS is based at 7 Jabotinsky Street, Ramat Gan , Israel and Maor Lahav who is the COO of the company. They are trying to pass as a legitimate business only to support all of the shady brokers out there.

Spot Option is listed to be located in Limassol, Cyprus.

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Here is a list of a good majority of the Binary Options Sites.

http://www.fxempire.com/binary-options/brokers

Banc De Binary has already been fined $11M, find the story on this company HERE and the SEC filing HERE

Banc de Binary Ltd., a financial trading company and a sponsor of Liverpool Football Club, has agreed to an $11 million settlement with U.S. authorities over allegations it illegally signed up U.S. investors to its binary options trading platform.

Of course, if you try to google this company, you cannot find anything negative because it is BURIED in other SEO tactics. But you can find a recent articles HERE and about their scams & fraud with British citizens. 

The WSJ story:
"The authorities allege that Banc de Binary solicited and took orders from U.S. customers on contracts linked to commodity, currency and stock prices between 2011 and 2013, sidestepping a U.S. ban on off-exchange binary option contracts. The company allegedly used the address of a “virtual office” in New York’s Trump Tower on its website and in communications with U.S. customers."

SEC:
On March 8, 2016, the Securities and Exchange Commission announced that the company agreed to pay $11.05 million to settle charges that it illegally sold binary options to U.S. investors. Banc de Binary Ltd, Laurent, and the affiliates agreed to jointly pay $7.1 million in disgorgement and $1.95 million in penalties to the SEC, as well as $2 million in penalties to the Commodity Futures Trading Commission (CFTC), which had filed a parallel enforcement action against the same defendants. Banc de Binary Ltd, Laurent, and the affiliates also agreed to be suspended from the securities industry for a year and permanently barred from issuing any penny stock offerings.