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Banc de Binary was a binary options broker known for numerous violations and fraudulent activities. In 2016, the company agreed to pay $11 million to settle charges of illegally selling binary options to U.S. investors. Additionally, clients reported being unable to withdraw funds and experiencing unauthorized transactions. Ultimately, Banc de Binary ceased operations and shut down in 2017.
Banc de Binary was a binary options broker known for numerous violations and fraudulent activities. In 2016, the company agreed to pay $11 million to settle charges of illegally selling binary options to U.S. investors. Additionally, clients reported being unable to withdraw funds and experiencing unauthorized transactions. Ultimately, Banc de Binary ceased operations and shut down in 2017.
