CFTC Charges “Prediction Market” Proprietor Banc de Binary w Jun 7, 2013 3:16:55 GMT -5 Quote Select PostDeselect PostLink to PostMemberGive GiftBack to Top Post by bot on Jun 7, 2013 3:16:55 GMT -5 CFTC Charges “Prediction Market” Proprietor Banc de Binary with Violating the CFTC’s Off-Exchange Options Trading Ban and Operating as an Unregistered Futures Commission Merchant 06/06/2013 10:49 AM EDT The U.S. Commodity Futures Trading Commission (CFTC) filed on June 5, 2013 a civil complaint in federal district court in Nevada charging Banc de Binary, Ltd. (Banc de Binary), a foreign company that held itself out as being headquartered on Wall Street, with violating the CFTC’s ban on off-exchange options trading by offering commodity option contracts to U.S. customers for trading, as well as soliciting, accepting, and confirming the execution of orders from U.S. customers. The CFTC’s complaint also charges Banc de Binary with operating as an unregistered Futures Commission Merchant (FCM).links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTMwNjA2LjE5NjI1MDExJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDEzMDYwNi4xOTYyNTAxMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3NjA0MzIwJmVtYWlsaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZ1c2VyaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&&&100&&&http://www.cftc.gov/PressRoom/PressReleases/pr6602-13.html